HERE COMES OBAMA’S NEXT SOLYNDRA: Smith Electrics, which got a $32 million Obama economic stimulus program boost to build electric delivery trucks for the Pentagon, cancelled its IPO last week and now, according to The Washington Examiner’s Richard Pollock, faces a bleak future reminiscent of Solyndra in its last days before going bankrupt.

MORE BAD NEWS FOR THE EV NANNIES: Tesla Motors is slashing its revenue and production projections, citing worries about insuring quality in its Model S offering, according to Bloomberg Business Week.