Silicon Valley Takes On Detroit, Former Computer Exec Launches 1-Cent-Per-Mile Electric Car - CBS News

Silicon Valley Takes On Detroit, Former Computer Exec Launches 1-Cent-Per-Mile Electric Car - CBS News: "Silicon Valley Takes On Detroit
Former Computer Exec Launches 1-Cent-Per-Mile Electric Car

LOS ANGELES, July 22, 2006
The Tesla Roadster, which its makers says can go from 0 to 60 mph in 4 seconds and runs on 1 cent per mile. (CBS)

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'It's batteries, it's drive electronics, it's electric motors. Those are skills that are present in Silicon Valley and not present in Detroit.'
Martin Eberhard, CEO of Tesla Motors


(CBS) Suppose someone told you gasoline for cars — and remember it's hovering around $3 dollars a gallon — will become obsolete?

Well, that's the promise being made by an upstart automaker — in Silicon Valley, reports CBS News correspondent John Blackstone.
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