Elon Musk Is Shutting Down the Part of the Government That Helped Him Save Tesla
1 Articles
1 Articles
Elon Musk Is Shutting Down the Part of the Government That Helped Him Save Tesla
Billionaire and Tesla CEO Elon Musk's businesses have greatly relied on government funds, rescuing them from certain doom on several occasions. A prominent example was in early 2010, when Tesla received a $465 million loan through the Department of Energy's Loan Programs Office that allowed it to establish crucial supply lines for its Model S production and buy the Fremont factory in California from a bankrupt Toyota and General Motors venture. …
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