Tesla Motors: Sporty green welfare queen?

March 27, 2009

Tesla Motors is expecting $700 million in loans from taxpayers so that it can sell its pricey electric cars to the public: a $109,000 Roadster sports car and a $49,900 sporty sedan (Model S). The actual price of the Model S is $57.400, but taxpayers will be paying an additional $7,500 per car (over and above the loans) to reduce the price to under $50,000.

Tesla Motors, of course, will have to sell tens of thousands of these cars to pay back taxpayers. So far, only 300 of the Roadsters are on the road.

The Model S will “only” take 45 minutes to recharge enough to provide 300 miles of driving — and, depending on the source of the electric power, with more CO2 emissions than from conventional gasoline.

What’s not to like?

Click here for the New York Times report on these sporty “green” welfare machines.

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