it lives..........

goof2 · 06-26-2009, 12:51 PM

It is a drop in the bucket compared to the $25+ billion set aside for loans to promote alternative fuel vehicles. Hell, at least this money is going to a company based in America, unlike the $1.6 billion that is being loaned to Nissan North America to build a factory. The flip side is Nissan will most likely pay back their loan. I suspect the loan to Tesla will need to be written off once they declare bankruptcy in 5-10 years.

To put it in perspective though, I doubt Toyota could have developed the Prius if not for a loan from the Japanese government that I believe was estimated at $9 billion.

06-26-2009, 12:51 PM	#3
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	It is a drop in the bucket compared to the $25+ billion set aside for loans to promote alternative fuel vehicles. Hell, at least this money is going to a company based in America, unlike the $1.6 billion that is being loaned to Nissan North America to build a factory. The flip side is Nissan will most likely pay back their loan. I suspect the loan to Tesla will need to be written off once they declare bankruptcy in 5-10 years. To put it in perspective though, I doubt Toyota could have developed the Prius if not for a loan from the Japanese government that I believe was estimated at $9 billion.