tag:blogger.com,1999:blog-2807403883562053852.post3548821133403934207..comments2024-03-27T08:40:31.785-06:00Comments on Clayton Cramer.: Tesla Motors & Its Special Deal From The Obama AdministrationClayton Cramerhttp://www.blogger.com/profile/03258083387204776812noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2807403883562053852.post-21043344493019290362011-10-17T18:38:19.070-06:002011-10-17T18:38:19.070-06:00The loan was for ramp up to build the Model S, a s...The loan was for ramp up to build the Model S, a sporty sedan, rather than the sports car they've been selling for several years.<br /><br />The electric vehicle loan program (which Tesla participated in) seems to be for some, a subsidy to companies to do what they were planning to do anyway; and for some other companies, lavishing money on companies without a viable future.<br /><br />I'm undecided whether Tesla is viable or not (Musk has pretty deep pockets), but other companies that received loans include Ford and Nissan (clearly the first) and Fisker Automotive (probably the latter). Tesla received the smallest loan of these four mentioned--Ford's loan was almost $6 billion. Most other loans were far smaller, they went to companies manufacturing components rather than entire vehicles.Sam's Hideouthttps://www.blogger.com/profile/17861031623526621055noreply@blogger.com