Tesla In Trouble ?  

TreeHugger reports that Tesla Motors may be running out of cash (which would be a tragedy if true) - Rumors: Tesla Maybe Strapped For Cash.

Okay, truth be told, we heard it from Left Lane News who has their own source at Tesla, who dropped the bomb several hours ago that the Tesla Corporation currently has about $9 million left in their bank account.

This would account for the recent news about layoffs and the delays in the production of the Model S. This is shocking, considering that they have already taken orders on some 1,200 roadster Tesla's at over $100,000 a pop, and only 50 happy customers have walked away with a completed vehicle to show for it.

This is not to scare any of you away from taking out that fourth mortgage on your home to put a down payment on one, but you may want to wait a few week for the rumors to settle and the truth to surface. Could this mean the end of Tesla if this news is true?

General Electric (GE) has announced their intentions to boost their initial $30 million investment for the manufacture of the lithium-ion battery, up to $55 million with a sixth contribution. This news makes them the single most largest corporate or personal investor involved in the production of the A123 hybrid battery system, with over 9 percent ownership in the project as of now.

GE is not just taking a backseat as a monetary donor, they have also opened their Global Research lab located in Niskayuna, NY, to help further the design of the batteries systems and their components. The news hits us as the A123 hybrid battery system loses the race against LG Chem to be the exclusive supplier of the much anticipated GM Volt. None-the-less, A123 continues to work with 18 other hybrid and plug-in hybrid vehicles, including the Th!nk EV.

The A123 system prides itself with its much boasted advancements in nanotechnology, which provides robust power, lightweight packaging, improved safety (not prone to overheat), and a reasonable manufacturing costs. Their current goal is to provide these vehicles with at least a 40 mile range per charge, which they have deemed more than adequate for the average daily commute to work and back. They are also in the development of a new dual battery energy storage system.

GE has pledged to improve clean energy technologies over the next 5 years by doubling their current total investment in various projects from $700 million to $1.5 billion. With such large corporate profiles jumping on the bandwagon for electric, we can only hope that our future in oil dependency will be on a downward decline in the years to come.