Tesla received a Federal loan, not a grant.
Part of the loan was that Tesla had to set up manufacturing in the US to get the money.
So the feds loaned them money, created a significant number of American manufacturing jobs, and made $20m on the deal for the American taxpayer, when Tesla paid the loan back in full.
The big two, I won't include FCA since its HQ is in London and its Italian owned, have enjoyed significant support from the federal and other governments for decades. As has just about every other car manufacture in existence I can think of, short of maybe Ferrari.
Yep so off the top of my head if you don't like government money in the car business at all you should buy a Ferrari.
Part of the loan was that Tesla had to set up manufacturing in the US to get the money.
So the feds loaned them money, created a significant number of American manufacturing jobs, and made $20m on the deal for the American taxpayer, when Tesla paid the loan back in full.
The big two, I won't include FCA since its HQ is in London and its Italian owned, have enjoyed significant support from the federal and other governments for decades. As has just about every other car manufacture in existence I can think of, short of maybe Ferrari.
Yep so off the top of my head if you don't like government money in the car business at all you should buy a Ferrari.
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