Very likely another $500 million we’ll never see again….
Wonder if Finski knows where this place is located? Maybe he’s making our next car!!!!
I bet it will be well insulated if so :-D
The reason GM and Chrysler went bankrupt is because the auto industry requires huge amounts of capital to run for even one day. That requires huge volumes of sales to remain in business. When there is no market for your cars, or the criminals on Wall Street kill the credit market, sales stop and auto companies quickly run out of working capital and have to go bankrupt.
I feel the odds are much greater those two companies will run out of capital long before they are a viable profitable entity. When you run out of capital you go bankrupt. See DeLorean!
Tesla might get bought out by somebody like Toyota and survive as a name, but my bet is Fisker and our $500 million is toast. What a waste of money.