No, I don't think they should have, what benefit have we gotten from that dubious transfusion of cash? None that I know of.
What are you an idiot or a Republican who acts like an idiot? Yes Tesla motors really should have gotten 466 million dollars - actually they should have gotten WAY more than this - like all of General motors - lets tell you WHY this is the case. <br />
First off Tesla paid back the loan way early. How? They used the money to produce a plant that churned out Tesla sedans that people bought. The only problem was it was on too small a scale. Tesla's share price has skyrocketed but imagine if instead of producing 20,000 cars - they could produce with GM 's assets 20 million cars. Cars at a low price, cars at a high price, SUV's, Trucks, - loads of electric cars. Who would by these cars - the whole world. <br />
First off they could be exported - no one has Tesla's battery know how. Their cars have far fewer parts - they are cheaper to build and they can be a LOT cheaper to build - higher profits, lower costs to consumers in purchase price AND in operating costs.<br />
These cars are GAME changers. <br />
On a macro economic view - they dramatically cut the demand for oil. Now in the US half the electricity is produced from coal which is dirty so the cars are not as "green" as you would first think but the point here is the cash stays at home rather than going off shore. This is very good for the US economy. <br />
So get off your high horse - there is a role for government to play in industry - and Tesla just proved it. The only problem that was done was that no one dreamed big enough fast enough - because the US could have well used those jobs - jobs that Tesla technologies could provide and now will provide - it is just that it will take a lot longer and allow others perhaps to compete with them. Look at it as a HUGE lost opportunity and one that government could have provided at the time as the US and Canadian governments actually owned GM for that point in time. <br />
Tesla and Solar City are not the only Musk owned recipients of this administration's generosity. Ever hear of SpaceX?
Me too, but regards stimulous we both know it was really never about jobs . It was about paying off supporters.
Personally I see potential for a lot of laundering of taxpayer money, I'd like to know how many of those "stimulus" dollars found their way back into the 0bama campaign fund?
How many jobs were saved or created?
900 families are happy for the choice.
Not my call....
That works out to about $820,000 per family. Kinda expensive.
No reply unless in English.