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+-   Should Taxpayers Back Cars Only Rich Can Afford? on Saturday November 29 2008, @06:06PM theodp

Submitted by theodp on Saturday November 29 2008, @06:06PM
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theodp writes "The NY Times questions $400MM in low-interest federal loans requested by Tesla Motors as part of the $25B loan package for the auto industry passed by Congress: 'The program is intended to encourage automakers to improve fuel efficiency, but should it be used for a purpose like this, as the 2008 Bailout of Very, Very High-Net-Worth Individuals Who Invested in Tesla Motors Act?' Tesla says it is assembling about 15 cars a week and has delivered only about 80 of its $109,000 base-price Roadsters to date, many to the Valley's billionaires and centimillionaires who are Tesla investors as well as early customers."
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