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Keyword is loan. The loan in question was repaid this year.
by nanofortnight 11y ago
Keyword is loan. The loan in question was repaid this year.
- ninkendo 11y agoHow was it repaid if they're losing money? Sounds like their debt was simply restructured this year (they paid off the loan by just getting more financing.) The point is that the government is taking on a risk by giving tesla a loan, because they're not profitable and it's not guaranteed they'll be able to find a greater fool in the next round of financing.
- toomuchtodo 11y agoIt was repaid through and equity round (people like me bought TSLA stock, and that money was used to pay the DOE back). Frankly, I find your opinion grossly disingenuous. Tesla has pushed harder and faster than any other auto maker to electrify transportation. They're a phenomenal bet to make considering their existing track record of success.