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Tesla’s financial issues have been spilling considerable ink since news broke that they were shopping for cash. A company press release says they had secured a $40 million commitment, and CEO Elon Musk added that “Forty million is significantly more than we need. However, the board, investors and I felt it was important to have significant cash reserves.”
With President-Elect Barack Obama set to take office in January, we felt it time to revisit the energy plan he proposed during his campaign. Some of the highlights of his 10-year, $150 billion proposed overhaul of the country’s energy system include:
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