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> Private organization funds itself. A pertinent example would be Tesla. They shipped approximately 100 cars a month in 2009-2010, with the chassis made by Lot
by cromulent 2y ago
> Private organization funds itself.
A pertinent example would be Tesla. They shipped approximately 100 cars a month in 2009-2010, with the chassis made by Lotus.
They received a $465 million loan from the Department of Energy in 2009 ("people’s hard earned money") to invest in a production plant to make their own cars and batteries. They did so, and launched the Model S a couple of years later.
They paid the loan back in 2013 with 13 million of interest (quite attractive rates, really).
Looking at the wealth that was generated on the back of such a loan, one can only think the government should have taken equity, rather than a percentage point of interest.