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Tuesday November 18, 2008
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In today's "Oh, snap!" department, Tesla CEO Elon Musk said that whatever his company is worth, it's at least too expensive for General Motors to buy, according to Fortune. "I'm not sure they can afford Tesla right now," he said Friday at the Web 2.0 Summit in San Francisco, in response to a question about whether or not GM should buy a company like Tesla.
"There's an issue with organized labor and trade and management still acts like it's 1955," Musk continued. "There are too many country club memberships, and [GM] management has focused on the wrong thing." Of course, Musk has his own problems: in October, he became Tesla's third CEO in less than one year, announced layoffs and delayed the debut of its forthcoming electric sedan, the Model S.
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