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US Energy Department revamps auto loan program

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RubberToe

Supporting the greater good
Jun 28, 2012
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El Lay
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
 
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.