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Tesla took a loan and fully repaid it. Issuance Date: January 2010, Loan fully repaid in May 2013 https://www.energy.gov/lpo/tesla https://www.energy.gov/lpo/
by thelastgallon 3y ago
Tesla took a loan and fully repaid it.
Issuance Date: January 2010, Loan fully repaid in May 2013
https://www.energy.gov/lpo/tesla https://www.energy.gov/lpo/tesla
- jeromegv 3y agoBut it is a government intervention. No banks were willing to give them that loan. Government gave them money when nobody else wanted.
- snotrockets 3y agoThe loan was subsidized; commercial entities wouldn't give such a loan, hence even when repaid was a cost to the public. The idea, of course, is that this cost is paying by public good, but Tesla mis-stated the truth, and didn't grant back the public good it was supposed to.
- hyperhopper 3y agoTesla got preferential treatment from a government entity and benefitted from public funds. Also the government subsided them by effectively paying a portion of every Tesla sale price for a long while.
- deleted 3y ago[deleted]