Monday, August 10, 2009

Green auto company makes a profit

Wired reports that Tesla Motors has reported a $1 million profit on sales of $20. That's nice.

I guess the $465 million loan from the government for retooling facilities had nothing to do with that.

Investing $465 million to get a $1 million profit in a company that sold 109 cars in July. That's our government for you. Imagine what they'll do at GM and Chrysler!

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