Venture capitalist extraordinaire Tim Draper says Tesla has the resources to beat the Detroit Three. Detroit already has lost the electric war, Draper says, and it should pick a different battle to win. Like making flying cars.
Said Draper in an interview with the Detroit Free Press:
“Don’t live in your reality distortion field here in Detroit. Create a flying car. Create something different because you’ve lost the electric-car battle. See if you can win another.”
Draper’s venture capital firm Draper Fisher Jurvetson was an early investor into Tesla. Draper was one of the first to drive a Tesla.
The Freep isn’t ready to concede electric defeat and to recommend flying cars. Says the paper:
“Electric cars and partially electric vehicles haven’t yet achieved early sales projections. General Motors’ Chevrolet Volt hit a record month in August, but the company has offered discounted leases to juice sales and the vehicle will miss its original production targets for 2012. Still, GM has sold about 13,500 Volts so far this year, making it the most-popular vehicle with a large lithium-ion battery pack.”