[jordanb]

> The company has lost over $850 million since being founded in 2003.

I seem to recall that it takes the big 3 on the order of a billion dollars to bring a new automobile model to market. That includes the engineering, marketing, and the cost of tooling in the factories.

With that in mind, 850 million dollars doesn't strike me as being all that much capital for creating an entirely new automobile company.