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Ford received a loan that was an order of magnitude larger than what Tesla received. You're arguing from your biases and not from facts.
by cadlin 14y ago
Ford received a loan that was an order of magnitude larger than what Tesla received. You're arguing from your biases and not from facts.
- slapshot 14y agoFord did not receive any "bailout" funds, either as equity or debt. "As the only one of the U.S. Big Three that didn't accept the offer of a federal-government bailout in 2009, Ford [relied] instead on its own huge bet on its future financed by private capital and led by CEO Alan Mulally" http://www.brandchannel.com/home/post/2012/10/26/Ford-Europe-Turnaround-Plan-102612.aspx http://www.brandchannel.com/home/post/2012/10/26/Ford-Europe...
- Dylan16807 14y agoThat's right, ford didn't get a bailout, they got the exact same loan Tesla has, but theirs was bigger.
- twoodfin 14y agoGood point. https://lpo.energy.gov/?page_id=43 https://lpo.energy.gov/?page_id=43 I'm confused by the criteria described at the bottom of the page: In order to be financially eligible for an ATVM loan, an applicant must be financially viable without the receipt of additional federal funding for the proposed project. Would Tesla really have been financially viable without this loan?
- ikono 14y agoI think their powertrain business has always been profitable. It just would have taken a lot longer to build up to the point they are now.