Tesla Death Watch 25: Zoinks!

Edward Niedermeyer
by Edward Niedermeyer
tesla death watch 25 zoinks

The San Jose Mercury reports that the credit and stock market meltdowns have finally taken their toll on Tesla’s plucky startup plans. No sooner had the ink dried on its deal with San Jose to build a giant headquarters and production facility then everything went to shit (i.e. got put on hold thanks to the dry-up in venture capital). The Model S Sedan (formerly Whitestar) is in development Hell, Tesla’s Michigan engineering facility has been closed and an undisclosed number of employees have been laid off. But cuts and delays are just the start of the shake-up. Tesla Chairman Elon Musk has installed himself as CEO of the firm, ousting Ze’ev Drori, the second such ouster since Musk booted Tesla founder Martin Eberhart last year. Owen Thomas of Valleywag thinks this news could be more dangerous for Tesla than any credit market issues.

“According to Elon Musk,” writes Thomas, “Elon Musk was the driving force behind PayPal during his brief, tumultuous reign as CEO of the payments company. Musk’s version of events is a fiction believed by no one else. I know this because I spoke to PayPal insiders regularly while he was CEO, and they told me of chaotic management, boneheaded marketing and technology decisions, and serious turnover under Musk’s reign… With a parlous economy, Tesla was already in for a bumpy ride. Musk is keeping his second job as CEO of SpaceX, a private rocket company which has seen several botched launches. Add to that the infamous tale of his PayPal-era car crash, and you’ve got an entrepreneur who’s better known for destroying vehicles than building them.”

RF reckons there’s more spin left in this electric appliance, but clearly, the wheels have come off the Roadster roadshow. We’ll watch the aftermath on your behalf.

Join the conversation
2 of 24 comments
  • Geotpf Geotpf on Oct 17, 2008

    Building an electric Lotus Elise shouldn't be this damned complicated. They should have Kept It Simple Stupid, and basically made a straight electrical conversion of the Elise with a new body so it wasn't that obvious. Looks like they got carried away with product creep, though. In any case, how many Teslas have actually been shipped to actual customers? Is it more than 10 yet?

  • Tesla deathwatcher Tesla deathwatcher on Nov 06, 2008

    More than 50 Tesla Roadsters have been delivered as of early November, according to rumor.

  • RICK Once had 78 TOWN COUPE and wish I had never let it go! Ultimate OTT excessive luxury! Have since had RWD FLEETWOODS, RWD Fifth Avenues ,as well as 89 Lincoln Town Car Signature Series and current 2007 TOWN CAR Signature Limited! All great cars, but 77 through 79 was KING 🤴 of the road! So sad to see what is now considered a luxury vehicle 😢. Who wants to drive a glorified truck 🚚?
  • Kwik_Shift There are better cars to drop $80G on.
  • 28-Cars-Later Opulence!
  • Kwik_Shift If there is no 2WD Access Cab with 6 speed manual, then I'm not interested.
  • RedDevil Radio Garden is my go to for long trips.Thousands of radio stations all over the worldfor free as long as you have internet. Sure beats hunting for the one or two decent stations in most areas.