Electric Car Startup 'Better Place' Liquidating After $850 Million Investment 193
awaissoft writes "Better Place hoped to transform the energy industry with electric cars and battery switching stations. Better Place wanted to make the world a better place by replacing gas stations with battery switching stations that would remove the driving mileage limitations from electric cars and eventually rid the world of fossil-fuel burning vehicles. But after six years and burning through $850 million, the company is filing for liquidation in an Israeli court. As reported by the Associated Press, Better Place's Board of Directors issued a written statement Sunday announcing that the company was winding down."
Prophetic Name (Score:5, Funny)
It's definitely gone to a better place now.
Re:not surprising (Score:5, Funny)
Maybe he was talking about the Apple-style model: buy a new car with pre-charged batteries! /duck
Re:Will Tesla buy them? (Score:4, Funny)
Hello, you are wrong.
Regards,
--- Elon
Re:Winding down? (Score:3, Funny)
i'm sure they're going to a Better Place
Misquoted (Score:2, Funny)
What he actually said was "The investor money has gone to a better place.... our pockets. You're all fired and we're bankrupt. See ya, bitches."