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Originally posted by mnemeth1
Our glorious totalitarian overlords at the EPA have fined the Tesla electric car company 275,000 dollars for failure to obtain a Certificate of Conformity.
Not so says the criminal totalitarians at the EPA, whom must produce onerous regulations daily to justify their own existence.
Is it any wonder that no one wants to start a new business these days? Screw the global climate, the business climate is what is being attacked by the fascist/communists running our criminal bureaucracies.
[edit on 2-9-2010 by mnemeth1]
Originally posted by AzoriaCorp
The EPA needs to be abolished.
Originally posted by Ferris.Bueller.II
Guess Tesla can use some of the taxpayer money 'loaned' to them by Obama last year to pay this fine.
Feds lend Tesla $465 million to build electric car
and yes, Toyota is working with Tesla on developing and producing electric vehicles.
Obama hails Tesla's tie-up with Toyota over electric cars
So, despite how stupid this fine is, I have a feeling this $275k won't affect them much.
Originally posted by TheImmaculateD1
Tesla has since paid back the debt if I'm not mistaken. Reports estimate that Tesla itself is worth north of $500 Million - $1 Billion (USD).
But technology start-ups don’t follow normal growth patterns. The recession that nearly did in Detroit has only helped Tesla and Fisker. Each has received approval for loans of around $500m from the $25bn Advanced Technology Manufacturing Loan Program announced by Congress in November 2008. Tesla will use the cash to build a new factory in California for its $50,000 (Dh 183,655) Model S; by 2012 it says it will be making 20,000 cars each year. Fisker has bought a former GM plant in Delaware and plans to build at least 100,000 of its new, $40,000 (Dh146,924) Project Nina plug-in hybrids there by the same date.