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It's delusional to think Tesla wouldn't have existed without government help. Tesla took a cheap government loan when it was available. Do you really think, M
by deltree7 5y ago
It's delusional to think Tesla wouldn't have existed without government help.
Tesla took a cheap government loan when it was available.
Do you really think, Musk wouldn't have raised the piddly $500 Million from on his multiple silicon valley buddies? (including Thiel, Page)?
- long_time_gone 5y agoThe $465 million loan was given in April 2010. Tesla IPO'd in in June 2010 at a $1.7 billion valuation [1]. Maybe someone else would have given them the low-interest loan, we'll never know. We do know that this loan and the government subsidized EV tax credits helped them weather some very rough cashflow years. [1] https://www.barrons.com/articles/tesla-10-anniversary-ipo-electric-vehicles-elon-musk-51593437846 https://www.barrons.com/articles/tesla-10-anniversary-ipo-el...