So did they not charge enough to cover the cost of making the vehicles? Or did they have a dot com bubble moment and all go out and buy big houses and whores an hummers? I would think that since they were in the production stage most of their money woes would be gone. Unless someone took some of the money.

I smell a prime candidate for another bail-out plan!

So where did all the money for 1,200 cars to be manufactured go? those 50 cars they sold accounts for 3 million. The executive compensation at this company as well as wasteful spending on perks is likely the cause. Welcome to the economic meltdown.

Is anyone really surprised that you can't start a car company with bold ideas and pixie dust? John DeLorean was far better equipped than these guys to start a car company, having RUN a major division in General Motors for 15-20 years. Well, he couldn't make a go of it with a far more conservative business model: gee, let's NOT invent a revolutionary new engine! The real surprise here is that so many people were stupid enough to give these guys 10s of thousands of dollars in deposits for cars they won't ever get.

Not only the need for electric cars, we need to drastically consolidate our travel distances.

It's already happening here in Canada, shopping districts are exploding around and spreading closer to residential areas. Golf carts could be better used for this instead of this sport.

I'm trying to scare the rich in loosing their sport or help out in the electric car business.

this is already OLD news

"The company's new CEO and primary financial backer, PayPal multimillionaire and tech visionary Elon Musk, appeared to pledge his personal fortune to meeting Tesla's commitments if necessary."
-source THE REGISTER

I would hate for the future success of this company to flounder because of incorrect media coverage. we need these g'damn battery cars yesterday.