Electric Carmaker Struggles as Its Production Lags

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“As Tesla Motors, a maker of electric cars, burns through cash and misses production targets, it is turning to investors and taxpayers for extra financial help.  On Tuesday, Tesla announced plans to sell five million shares to raise cash. The federal government agreed earlier to waive some conditions of a $465 million loan, easing pressure on the company over the next couple of quarters. The moves raised questions about the long-term viability of the company.”

http://dealbook.nytimes.com/2012/09/25/questions-about-electric-cars-as-a-manufacturer-struggles/?hpw

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