We Don’t Need No Flaming Sparky Cars

Bloomberg;

The billionaire chairman of China’s LeEco has admitted his technology empire is running out of cash to sustain a headlong rush into businesses from electric cars to smartphones. […]
LeEco’s envisioned car plant in Nevada needs government support for power lines, water mains and roads. That in turn requires investment by the state, but Nevada treasurer Dan Schwartz balked at issuing the necessary bonds. Jia’s reliance on loans backed by Leshi equity could leave taxpayers vulnerable to the whims of China’s volatile stock market, and he expressed doubts Jia could raise the billions of dollars needed to bankroll the project.

17 Replies to “We Don’t Need No Flaming Sparky Cars”

  1. It worked for Tesla and Elon Musk why not the Chinese? Is ugly racism rearing its ahead yet again?
    I have an acreage in BC that has regenerative properties which should be tapped. While not in sacred bear territory and while I am not a Native American I will sell this land for a good price!

  2. Gotta love the crony capitalists. They only survive on large amounts of gubmint money. Musk is a snake oil salesman.
    What a fraud

  3. He gets away with it because he’s a co-developer of PayPal and he dazzles with world with SpaceX.

  4. I g­e­t p­ai­d 8­5 bu­ck­s h­ou­rl­y f­or f­­ree­­lan­ci­­ng. I n­ev­­er th­o­ug­ht I c­­a­n m­an­ag­e t­o d­o i­t bu­t m­­­y g­­oo­d fri­­end i­s ma­­­ki­ng 1­­0­00­0 d­­ol­­la­­rs ­­e­­ac­­h mo­­n­­th b­­­y d­­oi­­ng thi­­s jo­­­b a­­nd sh­­­e r­­ec­­­o­­mm­­en­­ded ­­m­­e t­­o c­­hec­­k it out. T­ry i­­t o­­ut on f­­ol­­lo­wi­­ng we­­bsi­­te, y­­­­­ou ha­­ve no­­th­in­­g t­o lo­­se…
    Click this link……… http://YoutubeJobs.Nypost55.com

  5. Not to worry … once he achieves “Benefactor Circle” status at the Clinton Foundation … president Hillary will provide all the government guaranteed loans he needs … All in the name of “greenery” of course. You know … “Forward” … into last century’s rejected means of propulsion.

  6. Piss off and die … Go Peddle your money for nothing scheme to the Huffington Post

  7. Harry Reid is in love with China..He needs the cash now that he is out as the Senate point man…Reid and the Virginia Governor have China GREEN connections…
    They may need BLM snipers

  8. These bastards are the bane of the internet,every blog I visit has some a**hole claiming to make huge money by doing nothing.
    Free money! And there IS a sucker born every 3seconds, more often in Eastern Canada.

  9. “Before I am EVER forced to “drive” around in this contraption. ”
    But … but … it’s twice as fast as walking!!!!

  10. The spammers and me are after Ken Kulaks money. Ken, do you want to buy some seaside property in Lethbridge?

  11. I bill all of my time spent here to my government contract work … I figure that still makes me about twice as efficient as one their own employees. I make a lot more doing that, than being a mystery shopper or some nonsense.

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