Tesla Motors Needs a Charge; No FDIC Insurance
October 31, 2008
Since signing a deal in September with the City of San Jose to build a car factory in North San Jose (which I was critical of), Tesla last week announced that it will be laying off an unknown number of employees, putting its plans for the North San Jose factory on hold, and closing some [...]
Read More >>Valley Startups Tightening Their Belts; Layoffs Gaining Steam
October 16, 2008
Facing an economic downturn and the prospect of difficulty in raising additional rounds of funding, startups are beginning to not only put growth plans on hold, but many are beginning to layoff personnel. Normally this isn’t big news around these parts since startups are part of the Silicon Valley fabric and layoffs come hand in [...]
Read More >>Tesla Motors San Jose Land and Factory Deal: Thanks Government!
September 17, 2008
Tesla has signed a lease for 89 acres of land in North San Jose off Zanker Road north of highway 237. Tesla is proposing to build a 600,000 square foot headquarters and factory facility. From what is being reported, it seems Tesla got a great deal.
Tesla signed a 40-year lease, of which the first ten years [...]