Tesla Motors announced last week that it was receiving $465 million in low interest loans from the federal government--part of $8 billion the government gave out for "advanced vehicle technologies." So it is now full speed ahead for the electric car manufacturer, and Steve Westly, a member of Tesla's board of directors, argues that Tesla's success is a sign that entrepreneurs in "clean technology," are poised to lead the economic recovery. In this talk for Stanford's Entrpreneurship Corner, Westly, formerly Controller and Chief Financial Officer for the State of California (and likely pleased that he isn't in that role today), and before that a key executive at eBay, says the zero-emission-vehicle will become a product "that people have to have" and that will spark new investment and strong growth that will "drive" the economy:
Posted
07-02-2009 10:18 AM
by
Graham Griffith