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Pamela Houston, an employee of the day care, said she was feeding an infant when she heard a loud boom that she initially thought was an earthquake until she "saw a big ball of fire hit the side of the house." Houston said she screamed to the others in the house -- the owner, the owner's husband and their three children
-- and the group safely escaped before the home went up in flames. "There are not even words to describe what it felt like," she said. "I am very thankful to God that he allowed us to get out." Kate McClellan, 57, said she was walking her dog when she saw a plane descend from the foggy sky and strike the tower, causing power lines to swing wildly in the air. "It burst into flames, and then it kept flying for bit before it hit some houses and exploded," McClellan said. The crash comes at a difficult time for Tesla, which was founded seven years ago and employs 515 people worldwide. Just three weeks ago, the fledgling automaker filed plans to sell it stock to the public for the first time in an offering aimed at raising at $100 million. To help keep its business afloat, Tesla had previously raised more than $300 million from venture capitalists and affluent investors that include Google Inc. founders Larry Page and Sergey Brin. Tesla's two-door Roadster, which retails for $109,000, is the only product that the money-losing company currently sells
-- and fewer than 1,000 of those models had been delivered to owners entering 2010. The company's next car, the Model S sedan, isn't due in showrooms until 2012. To help bring the sedan to market, Tesla lined up a $465 million loan from the U.S. Department of Energy last year. That money came from a pool Congress set aside in 2007 to help automakers develop fuel-efficient technology.
[Associated
Press;
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