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TESLA is going to revolutionize transportation--just ask the government.
This is a firm that got started not by venture capitalists--but by government. The Feds "loaned" this company $456 million to get it started. The Feds want "clean" cars.
So, how has TESLA done? They have sold 1,000 clean cars, for $100,000 each. You can afford that, right.
Then, with an IPO and special Federal credits, if it works out, the company will sell cars for just under $50,000 each.
This is really about the finance community, not clean air or jobs.
"But even if Tesla proves to be little more than a hype machine, its popular IPO is good news for California for a reason unrelated to the potential of electric cars: it could be a boon to California's venture capital community.
This state, for all its economic problems, still leads the rest of the country, by far, in venture capital investment. But the industry has been IN a slump, precisely because there have been so few IPOs, and even fewer successful IPOs. Initial public offerings of stock are how venture capitalists, who put in money early in a company's development, get their money back and, they hope, make a profit."
I can not afford the car or the use of MY tax dollars to promote the IPO finance community, can you?
What a rip off. Government is using the taxes of the poor and middle class, so the rich can have another toy, and the IPO community can advance..
All of this in California.
More...
This is a firm that got started not by venture capitalists--but by government. The Feds "loaned" this company $456 million to get it started. The Feds want "clean" cars.
So, how has TESLA done? They have sold 1,000 clean cars, for $100,000 each. You can afford that, right.
Then, with an IPO and special Federal credits, if it works out, the company will sell cars for just under $50,000 each.
This is really about the finance community, not clean air or jobs.
"But even if Tesla proves to be little more than a hype machine, its popular IPO is good news for California for a reason unrelated to the potential of electric cars: it could be a boon to California's venture capital community.
This state, for all its economic problems, still leads the rest of the country, by far, in venture capital investment. But the industry has been IN a slump, precisely because there have been so few IPOs, and even fewer successful IPOs. Initial public offerings of stock are how venture capitalists, who put in money early in a company's development, get their money back and, they hope, make a profit."
I can not afford the car or the use of MY tax dollars to promote the IPO finance community, can you?
What a rip off. Government is using the taxes of the poor and middle class, so the rich can have another toy, and the IPO community can advance..
All of this in California.
More...