Tesla Downshifts for Rough Road Ahead
In retrospect, the timing could have been better.
Elon Musk's electric sports car company, Tesla Motors, said in September that it would build a factory in San Jose to produce its new sedan. It was a milestone for both the business and the green-tech industry on which Silicon Valley has pinned so many of its hopes.
Unfortunately, the announcement landed in the midst of a firestorm burning through the financial world.
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