Tesla’s loan payback deprives US of stock options worth $270 million
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Re: Tesla’s loan payback deprives US of stock options worth $270 million
#2Tesla paid off the loan (good for them for doing so). So the loan collateral doesn't get collected.
"Depriving" the government of this stock, after paying off the loan, is folly.
If you take out a loan to buy a car, you put the car itself up as collateral for the loan. You can either pay off the loan, and keep the car, ir you can default on the loan, and lose the car.
Tesla just did the same thing except they used "car company" instead of "car".
Being snarky that Telsa "deprived" the government out of the loan collateral is akin to saying that you think the bank should own your car after you pay off your car loan, because you're depriving the bank of the value of the car, since you paid it off and they won't collect on the collateral.
What planet does this author live on where loan guarantors get both the loan payment and the collateral? Because I'd like to go there and loan the author every penny I can.