This "someone" of yours isn't "in the know", he's just a run-of-the-mill conspiracy twit. The arabs aren't stupid, they already have stakes in businesses that will keep the money coming when the oil dries up, and they're looking for more. Whether Tesla could be one of those things or it's just a long con from Elon, we'll have to wait and see. Personally I think he was absolutely lying about having the money from the Saudis ready to go private. And probably high.
Carnegie's problems have nothing to do with anyone but Carnegie. What you said up there is nonsense, even if it is the sort of nonsense that some on this forum eat with a spoon. Carnegie were given all the money, hype and time they needed for Ceto, and they wasted it on unecessary crap rather than admitting setbacks in development, and in the end they screwed the pooch. Let me say that again so we are crystal; If Carnegie didn't waste money and effort on EMC, battery tenders they were never going to win, the UK office, piddling about with solar, etc, etc, they would have had plenty of cash in hand to continue the development of Ceto, even at the rate they were going, through to 2020 and beyond. Even without the cash from the last two CRs.
"Coal industry" he says. Damn, son...
CCE Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
