$10 Per Gallon Gasoline?
That’s what Elon Musk wants, in order to make his all-electric Tesla roadster more competitive in the new car market: Tesla CEO Elon Musk is speaking right now at Wired Live. What’s he saying? For starters, he wants to buy a car factory from a Detroit automaker so he can produce 100,000 cars per year. More craziness below. So it’s nice that Musk has such | Read More »
GM Vice-Chair: Bailout Can’t Work
There’s so much to hate about the proposed bailout of the Big 4 automakers (GM, Chrysler, Ford, and Tesla), that you can occasionally be forgiven for forgetting some of the problems with the idea. The Journal’s Holman Jenkins points out the most basic flaw: it can’t work. Leave it to Bob Lutz, GM’s voluble vice chairman, to puncture the unreality of the auto bailout he himself | Read More »