Quote:
Originally Posted by Perfectlap
It would be cool if Tesla sold conversion kits for the most popular sports cars using their style of battery, like covering the whole underside with them. Musk said he plans to spend "staggering" amounts to be able make cheaper batteries and hit lofty vehicle numbers matched only by Henry Ford a 100 years ago.
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That being said - latest reports I've seen show that Tesla only has around $1 billion in cash reserves. That is not a lot for a car company. Very little actually. They can blow through that in no time. So not sure where he is getting the "staggering" amount he wants to spend. There is talk of a stock offering to raise funds, maybe that's part of it.