3 ms·
The $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-int
by long_time_gone 5y ago
The $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...