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Why is needing the DOE loan always a talking point? It is not a sin to enlist the help of others to achieve your goals.
by HorizonXP 4y ago
Why is needing the DOE loan always a talking point?
It is not a sin to enlist the help of others to achieve your goals.
- lazide 4y agoA lot of people get angry when the money came from the gov’t (aka their taxes) without their permission to help someone who has more money than them.
- HorizonXP 4y agoI know it’s a lot to ask of the general populace, but self-reflection is key here. I’m smart and confident. But I know that I would be a terrible person to give a $465m loan to. Money is our economy’s way of rewarding those of us with outsized skills. It’s far from perfect, but it’s the best we’ve got. Is Tesla and Elon the best place to put that $465m? Maybe, maybe not. But it was the best we had at the time, and I certainly don’t see anyone better than him now.
- lazide 4y agoThat is indeed a lot to ask of the general populace. But I don’t think even a majority of the populace had an issue with it anyway - it’s always the fringe extremists that get most of the press, they tend to be a lot more quotable than the ‘meh, I guess that’s fine’ folks.
- deleted 4y ago[deleted]
- megaman821 4y agoGM and Chrysler needed them to stay alive. Other companies (including some banks) just took them because why not, the future was uncertain. It turns out Tesla didn't actually need the loan so they paid it back early.