His little government subsidized Tesla cars might have had a chance (with some design help so it didn’t look like an ‘88 Mazda), assuming he ever learned how to produce them at scale.
The bill includes a provision to expand the “Advanced Technology Vehicles Manufacturing program” that is basically corporate welfare for electric-power vehicles, for the purpose of “reequipping, expanding, or establishing of a manufacturing facility” for them. Several companies that make electric cars have received money from this, including the now bankrupt Fisker Automotive, a company that also made the kind of luxury electric cars that Musk’s Tesla Motors makes. Fisker got a $529 million loan from the program. Since Tesla is expanding their manufacturing of electric cars, they will be getting more money from this program.
and we keep finding things in here as we look around.
Fisker filed for bankruptcy last week. Fisker Automotive had borrowed $192 million from the federal government, of which only $53 million will be repaid. By Randall Chase, AP Business Writer NOVEMBER 26, 2013
... Fisker, ...filed for bankruptcy protection last week, ending a long, downward spiral that began after it received a $529 million loan commitment from the US Department of Energy. Fisker drew $192 million on the Obama administration's green-energy loan before DOE officials suspended funding in 2011...
and we keep finding things in here as we look around.
Fisker filed for bankruptcy last week. Fisker Automotive had borrowed $192 million from the federal government, of which only $53 million will be repaid. By Randall Chase, AP Business Writer NOVEMBER 26, 2013
... Fisker, ...filed for bankruptcy protection last week, ending a long, downward spiral that began after it received a $529 million loan commitment from the US Department of Energy. Fisker drew $192 million on the Obama administration's green-energy loan before DOE officials suspended funding in 2011...
It's almost as if you don't know how to read dates. The bill I referenced was passed in 2016 and was supported by Republicans.
Comments
You're such a fucking hypocrite asshole. Fuck off, doogie.
https://www.redstate.com/diary/qstarweb/2016/04/22/federal-energy-bill-includes-corporate-welfare-elon-musk-companies/
That bill that chose Fisker looks fairly bipartisan.
https://www.govtrack.us/congress/votes/114-2016/s54
Obama chopped that loan off at the knees forcing Fisker into sudden bankruptcy at the behest of Musk. Then seized $50 million in assets.
Guess what. Superior technology wins. Private money picked up that technology, advanced it, patented it, and will win.
When it makes more sense in any possible way than non electric cars sure.
But now it's just a sign that you're a douchebag
Fisker filed for bankruptcy last week. Fisker Automotive had borrowed $192 million from the federal government, of which only $53 million will be repaid.
By Randall Chase, AP Business Writer NOVEMBER 26, 2013
... Fisker, ...filed for bankruptcy protection last week, ending a long, downward spiral that began after it received a $529 million loan commitment from the US Department of Energy. Fisker drew $192 million on the Obama administration's green-energy loan before DOE officials suspended funding in 2011...
Before Thanksgiving? Really???
Embarrassing. Liar.