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Tesla/Volt
2008 was supposed to be the year of the plug-in hybrid vehicle, but reality proved to be a little more intimidating than expected for Chevy and Tesla, manufacturers of the Volt and Tesla Roadster, respectively. The former was supposed to hit showrooms in 2010 for under $30,000, but is now expected to arrive in 2011, at closer to $40,000 -- a price that's perhaps prohibitively expensive for an otherwise fairly standard sedan.
Tesla's latest troubles, following delays due to problems with the high-end Roadster's power train, came when $100 million in financing dried up with the rest of the economy, and left the company with less than $10 million in the bank. Founder Elon Musk has since dropped many millions of his own dollars into the project, but only time will tell whether it's enough to get the Roadster on the right track.
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Comments
5
Subscribe to commentsjonDec 31st 2008 11:19AM
Shannon is an idiot.
The volt will only be a flop if it does not show up in 2010.
To speculate that it may not show up until 2011 and at a much higher price reveals that this person is probably not a fan of the domestic auto industry and "carrys the water" for Toyota.
jonDec 31st 2008 11:21AM
Sorry. That should have been Shamoon is an idiot.
JoshJan 1st 2009 3:21PM
How are you calling the Volt a flop already? It hasn't even hit showrooms yet. As for the Tesla, I wouldn't call it a flop because the money dried up. The Tesla roadster and the Chevy Volt are great examples of technology.
sexymexyJan 1st 2009 8:12PM
wow what a bore
Kirk GriffithsJan 5th 2009 11:49PM
With most Americans watching their finances and job status closely through 2009 and well into 2010, WHO are and WHERE are the buyers for a $40,000 Chevy Volt going to come from?
Unfortunately, I don't see demand for these "plug in" vehicles if the economy and credit markets don't come back substantially, even if there is another spike in gasoline prices. Most people simply won't be able to afford them OR justify buying one, (even if they can get financing), if the economy doesn't come back to health in a big way.