Wednesday, June 30, 2010

Electric Cars

If you followed the news yesterday, you might know that Tesla Motors had a public offering on Wall Street. They raised lots of money - that should help them further develop their electric car. The current price of a Tesla car is about $100,000, but they hope to be able to bring the price down to about $50,000 within a year. At that rate, the little car will not really make much of an impact on the greening of the environment. Only people who want to show off their environmental friendliness will want to buy this car. The masses will still prefer the Cooper or the Corolla or the Focus or the Leaf or the Lexus.