Dead batteries

Electric Car Maker Folds, Salinas Loses $500,000

A Salinas car manufacturing company that was expected to build environmentally friendly electric cars and create new jobs folded before almost any vehicles could run off the assembly line.
The city of Salinas had invested more than half a million dollars in Green Vehicles, an electric car start-up company.
All of that money is now gone, according to Green Vehicles President and Co-Founder Mike Ryan.

So, the city of Salinas California invested half a million of OTHER PEOPLE'S MONEY in a car company. What was this huckster's reason for the company folding?

Ryan outlined three mistakes he made while steering his company into a brick wall. All three reasons boiled down failing to generate enough capital.

In other words, people who have sense and are investing their own money, and know a winner when they see it, did NOT invest in an electric car company. So the real lesson here is that only the Government invests in losing business ventures, but hey its only money, we will just raise taxes to make up the shortfall.