Elon Musk: Daimler’s "golden handcuffs" mean I’ll stay with Tesla through Model S launch
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For a guy who allegedly wants a lot of the credit for creating Tesla Motors, Elon Musk certainly doesn’t seem to like the job of being its CEO. As part of Daimler’s investment deal with Tesla , Musk needed to commit to staying on as Tesla’s CEO at least until the Model S launches in 2011. Musk told Reuters : I didn’t really have a choice. This was a requirement of Daimler that I remain CEO of Tesla through the Model S launch and then continue to be part of Tesla in a chairman role beyond that. It’s flattering, but at the same time it’s golden handcuffs . Well, that sure makes it sound like fun, doesn’t it? It’s clear that Musk has always been interested in projects other than EVs (e.g.: electric planes and SpaceX ), but does he have to make running one of the hippest electric car companies around sound like a drag? Another nugget from the article: one of the reasons the price on the Roadster was raised was to help qualify Tesla Motors for the DOE loan it later received . Musk said, “We did the minimum we needed to do to make the business work.” Gallery: Tesla Model S [Source: Reuters ] Filed under: EV/Plug-in , Tesla Motors , Green Daily Elon Musk: Daimler’s “golden handcuffs” mean I’ll stay with Tesla through Model S launch originally appeared on AutoblogGreen on Wed, 01 Jul 2009 11:07:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments


