Cars powered by electrons not too far in the future
23 Jun 2010|2,197 views
Apart from the small number of Roadsters, the other things the company has been churning consistently are ever-increasing losses from its assembly lines. In the latest quarter ended 31 March 2010, the company booked losses of $29.5 million, a whopping 84 per cent increase from the same quarter last year. But there are enough takers for the electric cars. The ever disgruntled politicians and people constantly making it to the news channels will certainly support electric cars even if they are very costly. But the situation is changing fast with the model S, priced below $50,000, expected to hit the roads next year.
The whole idea of driving eco-friendly cars and not lining up at the gasoline station every week sounds interesting to say the least. Just plug the car to a wall socket during the night and the car gets ready for a 300 mile journey while the driver sleeps. More than half of the money raised from the IPO will go towards the production of Model S electric vehicle. One can actually imagine the roads getting swarmed by a number of these electron-powered cars after 3-4 years.
Apart from the small number of Roadsters, the other things the company has been churning consistently are ever-increasing losses from its assembly lines. In the latest quarter ended 31 March 2010, the company booked losses of $29.5 million, a whopping 84 per cent increase from the same quarter last year. But there are enough takers for the electric cars. The ever disgruntled politicians and people constantly making it to the news channels will certainly support electric cars even if they are very costly. But the situation is changing fast with the model S, priced below $50,000, expected to hit the roads next year.
The whole idea of driving eco-friendly cars and not lining up at the gasoline station every week sounds interesting to say the least. Just plug the car to a wall socket during the night and the car gets ready for a 300 mile journey while the driver sleeps. More than half of the money raised from the IPO will go towards the production of Model S electric vehicle. One can actually imagine the roads getting swarmed by a number of these electron-powered cars after 3-4 years.
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