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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 Member

    Jun 28, 2012
    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

  2. AudubonB

    AudubonB Mild-mannered Moderator

    Mar 24, 2013
    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;


    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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