Tesla can't get funding, postpones plans to build new factory

Looks like Tesla's decision to jack up options pricing on the Roadster to make the company's financials more enticing to investors didn't necessarily pay off: the company failed to score the required $100m in private funding needed to start building that new factory and HQ in San Jose. The new plan is to request some $400m from the government's Advanced Technology Vehicle Manufacturing Program and spend it on both the planned facility and an advanced battery and powertrain lab -- which might mean Tesla would have to move elsewhere, since the ATVM requires the money to be spent rehabilitating an older factory. We'll see how this one plays out -- although we're still in love with the Roadster, Tesla itself always seems to be one stroke away from catastrophe.