Another one bites the dust?

Over $100,000 "toy" awaiting battery miracle.
Moore's law doesn't apply here, or why SiValley isn't Detroit.

Only the Rich Can Afford It. Should Taxpayers Back It? - NYTimes.com:

"Tesla says it cannot move forward on plans to bring out a second-generation car, a less expensive sedan seating five, without federal funds. It’s also counting on rapid improvements in the core component of its powertrain — a thousand-pound pack of lithium-ion batteries — but such improvements don’t happen at the pace Tesla needs them to happen.

Tesla’s backers in Silicon Valley can be forgiven for hoping for a miraculous technical breakthrough, because Moore’s Law makes miracles appear in the Valley every day: costs drop by half every two years, again and again and again. The law is actually a rule of thumb, not a scientific law, and is based on the recurring doubling of transistors placed on an integrated circuit.

Unfortunately for Tesla, batteries are based on chemistry and have nothing to do with Moore’s Law. Lawrence H. Dubois, chief technology officer at ATMI, a semiconductor industry supplier, said, “With batteries, you can’t just squeeze more energy into a smaller and smaller space the way you can squeeze more transistors.”