Tesla ripped off the taxpayer?
He, I’m against this whole business of funding “Sun Ventures” but, Bush signed this $25 billion program into existence in 2007.
The incompetent negotiators at Guv Bank didn’t think to insist on a stock option as part of their deal and instead took a straight forward note.
Telsa paid back the loan early, saving shareholder millions but, they paid it back and per the terms of agreement.
Sure, Elon hit the jackpot but, the taxpayer didn’t get screwed in that loan.
Another scary part of the Tesla stock price is they are predicting only about a 10% increase in car sales for the next 12 months. That doesn’t cut it at all in my book.