The company has very limited customer base of only eight companies, and “the loss of any of these customers could materially harm our business.”
The SEC filing contained other damaging revelations. The firm said that its truck’s lithium-ion battery cells “have been observed to catch fire or vent smoke and flames,” and their warranty reserves may be insufficient to cover future warranty claims.
The company’s top management has limited or no experience in the automobile or truck business. Hansel previously led Evo Medical Solutions, which sold portable oxygen concentrators.
But other than that, it was a great bet, Secretary Chu.
…are a waste of money, according to the CBO. Well, at least government subsidized ones. But who would expect a physicist to know anything about business or economics?
Six unconventional uses for it. What’s particularly amusing is that, because it’s the Internet, the comments section almost immediately degenerates into a political flame war.
Some thoughts on the unjustified arrogance of The One. He really is insufferable. Again, I have no idea why people find him “likable.” I never have, except in that one speech in 2004.
I think that this guy is asking the wrong question. “Forever” isn’t the option, it’s “indefinitely,” or “as long as I want to live.” No one is going to live forever, unless you think we’ll get around the heat death of the universe somehow, and there will always be accidents, regardless of how advanced biomedical technology becomes. But ignoring that issue, given my experience with cryonics, the numbers don’t surprise me at all. Of course, it’s one thing to say you only want to live to be eighty when it’s a theoretical issue, decades from now. A lot of those people change their minds when the time actually approaches.