Credit Crunch Now Hurts the Environment

Looks like the electric auto company Tesla is being hit by the credit crunch. The company ousted their CEO, is laying off employees, closed two offices and is delaying the launch of a line of cars.

From the LA Times:

The San Carlos-based maker of the all-electric, $109,000 Roadster said today that it was removing its chief executive, delaying production of its model S sedan, closing offices in Michigan and London and laying off an unspecified number of employees in response to a tight credit market.

Click here for a link to Tesla’s blog including the announcement.


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