Friday, November 22, 2013

Tesla is doing very well thanks to the government

Tesla surprised analysts by repaying their federal Department of Energy loan of $465M early. On the heels of a 5-star crash rating, they are doing very well.

"...the government loaned Tesla startup money, it helps bring in customers with tax incentives, and it guarantees Tesla at least some return through emissions-credit system. Short of sending congress to the factory to bolt together cars, there's not much more government can do for Tesla."

-Aaron Robinson, Car & Driver, Nov 2013.

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