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Wow. Scary shake up at Tesla?
- Tosh - Oct 16 2008 | From Google Reader, tesla, startups
Quoted: Tesla Motors, the maker of the high-performance Roadster, has become something of a symbol for budding electric car industry. The many other startups in the space, then, should sit up and take notice of its latest move: A takeover of the CEO position by its chairman and chief investor, Elon Musk, the closure of an office near Detroit, and the layoff
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As the article says, the primary driver could have been the economy (e.g. low oil prices, lower consumer spending, harder to raise money for a non-profitable venture). Although, Musk's transition to CEO suggests something else could have been at play as well?
Luckily, it does seem that they are getting a fair amount of support from both local and federal governments. Tesla's work is absolutely the sort of innovation that the U.S. needs to invest in right now to stay ahead of the rest of the world.