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much more importantly, the author is conflating "loan" and "subsidy" which is completely insane. Tesla received a 465 million dollar /loan/ which they /paid ba
by unprepare 10y ago
much more importantly, the author is conflating "loan" and "subsidy" which is completely insane.
Tesla received a 465 million dollar /loan/ which they /paid back/
Oil receives billions in /Subsidies/ that they /do not pay back/
the only slight similarity is that the department of energy loan likely had favorable interest terms, but that would make the financial benefit to Tesla vastly less than 465 million dollars - their benefit would be the difference in total interest over the life of the DoE loan vs a market rate loan.