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Let's not forget the $500M loan Uncle Sam, er, The American Taxpayers, made to Musk, which in the case of Tesla failing, would have been a write off for us, but
by ElComradio 13y ago
Let's not forget the $500M loan Uncle Sam, er, The American Taxpayers, made to Musk, which in the case of Tesla failing, would have been a write off for us, but in the case of Tesla succeeding, only makes us a bit of interest, while making a billionaire more billions.
- speeq 13y agoTesla repaid their loan nine years early and is the only American car company to have fully repaid the government ever. This is a company the American Taxpayer should be truly proud of. Also, do you really believe Elon Musk started an electric car company, a company which builds rockets and one which is the largest residential solar power provider in the country, under the only premise to make more money?
- ElComradio 13y agoI would prefer that if the government is using our money to support companies we should at least get an ownership stake. As it stands, E-Mizzle, who already had a large personal fortune, received a huge risk free loan from us.
- dsuth 13y agoPerhaps your government felt that there would be non-financial benefits to supporting efforts to make affordable electric cars. Can you not think of any?
- ElComradio 13y agoCertainly. If you are in the business of making high risk low interest loans for no equity stake, please contact me immediately. People complain about "corporate welfare" but Musk gets the "cool sustainable tech bro!" pass.