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No, they couldn't. There are several small electric car startups that wouldn't have a chance in the world to get those types of loans.
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Wow.
There were quite several car manufacturers similar to Tesla's size before their large taxpayer-subsidized loan who didn't get those loans.
I guess you must be a well-connected billionaire to qualify. I guess that counts as "fair" nowadays.
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Good point. Some, like Nissan, got a lot more.
Honda, Toyota, BMW, Mercedes, or smaller ones like Think, BYD, Tango, or Venturi? I could name many more. Where are their $500M+ loans to build their electric cars?
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Playing by the rules against incumbent manufacturers. edit: didn't Tesla repay a big federal loan a few weeks ago, many years before they had to? Good citizenship is fair.
Incumbent manufacturers have to go through dealers. Allowing Tesla to bypass dealers wouldn't be fair to other car manufacturers. "Tesla repay a big federal loan a few weeks ago, many years before they had to?" Why does this matter? They were given a large loan. That large loan gave them a large runway to have one profitable quarter, which allowed them to pay back the loan by issuing shares and bonds. Another car man…
Earlier quoted context omitted.
Good point. Some, like Nissan, got a lot more.
Honda, Toyota, BMW, Mercedes, or smaller ones like Think, BYD, Tango, or Venturi? I could name many more. Where are their $500M+ loans to build their electric cars?
The passion fuelling that emotion is going to put people on Mars, crush GM and take you from SF to LA in 25 mins.
Earlier quoted context omitted.
Playing by the rules against incumbent manufacturers. edit: didn't Tesla repay a big federal loan a few weeks ago, many years before they had to? Good citizenship is fair.
Incumbent manufacturers have to go through dealers. Allowing Tesla to bypass dealers wouldn't be fair to other car manufacturers. "Tesla repay a big federal loan a few weeks ago, many years before they had to?" Why does this matter? They were given a large loan. That large loan gave them a large runway to have one profitable quarter, which allowed them to pay back the loan by issuing shares and bonds. Another car man…
Do the incantations "disintermediate all supply chains" and "disrupt all mature industries" suddenly lose all their magical HN mojo when confronted with the Kryptonite of the car industry?
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Did all car manufacturers try to get a $500 million loan to build electric cars?
No. And why should it matter? Tesla got the loan. Others didn't. How is that fair?