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David Bailey
Sounds like this great company might truly be back on track. I hope so, they're taking a clever approach to a critical problem. And I want my Model S now! - David Bailey
"Customers may pay $12,000, €10,000 or £9,000 up front and in return receive a replacement battery pack after seven years. Customers will also have the option of replacing the pack earlier at a premium or later for a partial refund. With the low production volume of the Tesla Roadster, the current replacement price of the pack is almost three times that number. The main reason for the relatively low cost up front — and why this is a smart purchase — is that we are arbitraging the relative cost of capital between Tesla and our typical customer." - ⓞnor
If the trends continue, they may soon be able to afford buying GM. - Rob McKaughan