TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

Tesla's Year in Review

Discussion in 'News' started by Grendal, Dec 23, 2013.

  1. Grendal

    Grendal Active Member

    Joined:
    Jan 31, 2012
    Messages:
    2,518
    Location:
    Santa Fe, New Mexico
  2. jvonbokel

    jvonbokel John VonBokel

    Joined:
    Nov 5, 2012
    Messages:
    853
    Location:
    Belleville (St Louis)
    I'll second that on all accounts. I've been following him for a while, and IMO his coverage is very good on Tesla, as well as some other tech companies (Apple, Amazon, Facebook, etc).
     
  3. Mayhemm

    Mayhemm Model S P85+ "Lola"

    Joined:
    Nov 9, 2012
    Messages:
    1,939
    Location:
    Saskatchewan, Canada
    It is a good article, but I take issue with the following:

    Elon has said repeatedly that while the DOE loan helped accelerate Tesla's plans, they were already out of danger financially by the time it happened. It was the investment from Daimler that saved them. Tesla has never been "beholden" to the government in the way this article implies.
     
  4. jvonbokel

    jvonbokel John VonBokel

    Joined:
    Nov 5, 2012
    Messages:
    853
    Location:
    Belleville (St Louis)
    In this context, I believe beholden means "indebted", not "enslaved" or something similar, as it could be interpreted. Yes, Elon has said that the darkest days in Tesla history were those leading up to Diamler's $50M investment (May 2009), but the $465M ATVM funds approved just a month later were certainly helpful as well. They were certainly solid before paying off the loan, thanks to the low interest rate and manageable payments, and it could be argued that it was largely a symbolic gesture to pay it off early, but it was also financially beneficial to Tesla, as it retired stock options that would have vested later in the 10yr loan term.
     
  5. Mayhemm

    Mayhemm Model S P85+ "Lola"

    Joined:
    Nov 9, 2012
    Messages:
    1,939
    Location:
    Saskatchewan, Canada
    I largely agree with you, however
    clearly implies Tesla would have been done but for the government loan, which is not the case.

    Sorry for beating this point into the ground. It just irritates me when people insinuate Tesla would not exist without government aid. Or that the fact they took government money somehow makes them "not a real company".
     

Share This Page