The Tesla - Electric Sports Car

This is way cool:

http://www.teslamotors.com/

b_tesla_350x240.jpg
 
What I'd like to know is how does a startup venture capital company produce the fastest and sleekest electric car ever made - one that will likely sell out quickly and have huge waiting list.
I thought there were significat 'barriers to entry' in the auto biz - let alone the more advanced futuristic electric auto biz.
Its pretty clear that GM, Toyota, Honda, or just about any car maker out there could have easily produced this car - with even better performance and lower cost. Kind of makes you wonder how much influence the oil industry has on the auto industry.
 
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