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GIZMODO , Technology - pimg src=http://cache.gawker.com/assets/images/gizmodo/2009/04/tesla-smart-fortwo-car.jpg width=560 height=420 style=display:block; /The Smart fortwo seems like a perfect candidate for the electric makeover, and with a href=http://jalopnik.com/5130390/tesla-to-supply-battery-packs-for-the-smart-evTesla lending its expertise/a to the project, we all expected an impressive showing. But to be honest, we’re not thrilled./p pThe fortwo is a tiny, tiny car, and we’re sort of surprised it took so long to be fitted with electric guts. But the Tesla-Smart version still only has a range of 100 miles, and promises to cost even more than the gas or diesel versions, which already retail for about $20,000. Our brothers at a href=http://jalopnik.com/5130390/tesla-to-supply-battery-packs-for-the-smart-evJalopnik/a estimate this version will come in even pricier. It’s got a ton of power, since it’s featuring the same motor and gearbox as the Tesla Roadster, but in this kind of car we’d expect to see a little economy of power rather than superfast acceleration. [a href=http://www.autobloggreen.com/2009/04/24/video-driving-a-tesla-powered-smart/AutoblogGreen/a]/p br clear=both style=clear: both;/ br clear=both style=clear: both;/ a href=http://www.pheedo.com/click.phdo?s=b40401b18c284162960172f24cc67b03amp;p=1img alt= style=border: 0; border=0 src=http://www.pheedo.com/img.phdo?s=b40401b18c284162960172f24cc67b03amp;p=1//adiv class=feedflare a href=http://feeds.gawker.com/~ff/gizmodo/full?a=7nfpgdGuVy0:6HhhvxKrJmg:H0mrP-F8Qgoimg src=http://feeds2.feedburner.com/~ff/gizmodo/full?d=H0mrP-F8Qgo border=0/img/a a href=http://feeds.gawker.com/~ff/gizmodo/full?a=7nfpgdGuVy0:6HhhvxKrJmg:yIl2AUoC8zAimg src=http://feeds2.feedburner.com/~ff/gizmodo/full?d=yIl2AUoC8zA border=0/img/a a href=http://feeds.gawker.com/~ff/gizmodo/full?a=7nfpgdGuVy0:6HhhvxKrJmg:D7DqB2pKExkimg src=http://feeds2.feedburner.com/~ff/gizmodo/full?i=7nfpgdGuVy0:6HhhvxKrJmg:D7DqB2pKExk border=0/img/a a href=http://feeds.gawker.com/~ff/gizmodo/full?a=7nfpgdGuVy0:6HhhvxKrJmg:V_sGLiPBpWUimg src=http://feeds2.feedburner.com/~ff/gizmodo/full?i=7nfpgdGuVy0:6HhhvxKrJmg:V_sGLiPBpWU border=0/img/a /divimg src=http://feeds2.feedburner.com/~r/gizmodo/full/~4/7nfpgdGuVy0 height=1 width=1/

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Tesla-Smart Collaboration Produces Underwhelming Electric Car [Electric Cars]

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This isn’t fully official just yet, but a recently leaked Car and Driver interview with Tesla CEO Elon Musk looks to have all but confirmed that the company received some funding from GE Capital as part of its current $40 million haul. While the exact amount GE has invested isn’t clear, the company is apparently the second-largest investor in this round of financing , behind only Musk himself. As you’re no doubt aware, this is on top of the $350 million in loans that Tesla is apparently close to securing from the U.S. government, which isn’t exactly enough for it to rest easy given its ambitions, but is at least slightly encouraging for folks itching to get behind the wheel of a Model S . Musk even goes one step further in an attempt to assure potential customers in the interview, saying that “even in the worst case of an Armageddon scenario, I’ll personally refund people [their money] if need be,” adding quickly that he thinks there’s “very little danger of that.” Update: According to Earth2Tech , this deal is off the table… and may have never been on it to begin with. GE Capital was apparently “closely watching” Tesla, but there had been no official deal. When the site reached out to Tesla, here’s what they had to say: GE had committed to invest in Tesla and sent an e-mail confirming the investment, but GE backed out on the day it was supposed to wire funds to Tesla. The decision came after GE went into company-wide capital conservation mode. So, really, no kind of investment at all. If you were a Tesla shareholder, you’d probably be thinking about putting a tighter leash on Elon Musk right around now. Read - GE Invests In Tesla Read - GE “Watching” Tesla, Does Not (Yet) Invest Filed under: Transportation Tesla reportedly snags some funding from GE (updated) originally appeared on Engadget on Mon, 30 Mar 2009 20:08:00 EST. Please see our terms for use of feeds . Permalink ?|? Email this ?|? Comments

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