Saturday, December 03, 2011
"Green Tesla Motors: Another Day, Another Solyndra"
Our taxpayer dollars are being used to allow certain pretty wealthy people a chance to increase that wealth.
Sadly, it's proving to be money down the drain...
Sadly, it's proving to be money down the drain...
Richard Pollock writes about this one at PJmedia.com:
"1.6% from DOE to manufacture an all-electric car that will sell for nearly $50,000. It will not exactly be the people’s car. Tesla also builds luxury sports cars that retail for $103,000 to $128,000.
Tesla also is no simple new age car company. It is owned and financed by big donors to the Democratic Party and to Barack Obama’s 2008 presidential campaign. Tesla’s principal owner is Elon Musk, the founder of PayPal. He has an estimated personal wealth of $672 million. His firm received venture capital from the The Westly Group, Daimler Chrysler, and from Abu Dhabi investors. The firm has partnerships with luxury sports car manufacturer Lotus and with Mercedes-Benz.
The secret to access to the DOE money is The Westly Group, run by California Democratic Party stalwart and big Obama campaign bundler Steve Westly. The former eBay executive wasn’t merely a prodigious fundraiser for Obama, raising $500,000 for his presidential campaign. He also served as the president’s California campaign co-chairman. Another Obama $500,000 bundler was Solyndra investor George Kaiser and his foundation."
