Sunday, July 19, 2009

After we give $465 million to Tesla, how much will the weather improve?

Where’s the Media? « the Air Vent
As an aeronautical engineer, I’m deeply interested in space travel and advances in space travel. Our media these days only seems interested in promoting a political agenda and is missing some of the biggest stories. A man… a FREE man, Elon Musk, who was a pay pal entrepreneur has invested his own money into redesigning rocketry. While I’m not certain of who did what, Elon has established himself as chief technology officer (or some such title) and directed a staff of several hundred people to build the simplest and safest possible rocket systems to reach space in an effort to reduce cost and risk. For an investment of a couple hundred million (about 1/5 of a single shuttle launch) space X has built an entire rocket company and put a satellite into orbit.
Tesla locks up $465 million in federal loans, will build battery facility in Bay Area - San Jose Mercury News
With Tuesday's announcement of a $465 million federal loan to jump-start production of fuel-efficient cars, San Carlos' Tesla Motors ensured its survival and helped raise the Bay Area's stature as a hotbed of green innovation.
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During a conference call Tuesday, Chairman Elon Musk said the loan will help Tesla turn a profit by next month.

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