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US Energy Department revamps auto loan program

Discussion in 'Cars and Transportation' started by RubberToe, Apr 2, 2014.

  1. RubberToe

    RubberToe Supporting the greater good

    Joined:
    Jun 28, 2012
    Messages:
    823
    Location:
    Pasadena, Ca
    This is the same pot of money that Tesla initially hit up for the money to start the Model S production. If I read this correctly, there is still $16,000,000,000 left in the pot to be potentially allocated. Given the success of Tesla's previous loan, I wonder if some of this money might not find it's way into some kind of GigaFactory... :wink:

    U.S. Energy Dept revamps auto loan program, eyeing new applicants - Yahoo Finance

    RT
     
  2. AudubonB

    AudubonB Mild-mannered Moderator Lord Vetinari*

    Joined:
    Mar 24, 2013
    Messages:
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    Denali Highway, Alaska
    Given the unprecedentedly magnificent success and hyper-speed with which Tesla raised money at a staggeringly low interest rate all of...what?...three weeks ago;

    and

    Given the intense vitriol with which recipients - particularly Tesla and its ilk - of DOE loans have been slammed...

    as a large stakeholder in the long term fortunes of Tesla, I see very, very little benefit and an awful lot of downside in Tesla looking into this program.
     

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