The reason that the company decided to invest in Tesla was not to target a profit gain. We did it as a means to further a partnership between the companies.

Because of its shortcomings - driving range, cost, and recharging time - the electric vehicle is not a viable replacement for most conventional cars.

Some people say hybrid vehicles such as the Prius are only a bridge to the future ... but we think it could be a long bridge and a very sturdy one. There are many more gains we can achieve with hybrids.

We are delighted to have formed a greater working partnership with a local company who enjoy significant national exposure and this is the biggest sponsorship deal involving clothing in county cricket.

Tesla is becoming a real car company.

This company is a giant in a way, but a baby in terms of being a profit-making corporation. It will be a great investment over the next decade.