Oct 16, 2008 | 1
Chrysler, Ford and GM are busy using up the $25-billion jump-start they received last month and their economic outlook is far from rosy. But it is the upstarts—in specific, electric car company Tesla Motors—facing the roughest road because they don't have the track record for access to cheap cash.
As the credit markets have seized up, Tesla has been forced to restructure and has entered a "critical phase" financially, according to a company blog post. Tesla will be abandoning Detroit and digging in at its new corporate HQ in San Jose as well as laying off an unspecified number of its 250 employees. Its primary financial backer, Elon Musk—whose SpaceX rocket finally took flight, successfully putting a payload into orbit—will also return to the helm of the company, shifting current CEO Ze'ev Drori to the board of directors. He had been in the job for a little less than a year.
Deadline: Jan 27 2014
Reward: $15,000 USD
The Dow Chemical Company is the leading producer of polyalkylene glycols (PAGs) used in synthetic fluids and lubricants where petroleum,
Deadline: Jan 11 2014
Reward: $20,000 USD
Conventional washing machines cause excessive damage and wrinkling to clothes primarily during the water removal step. With the introduc
Give a 1 year subscription as low as $14.99X