1.) $500 million loan from the U.S. Department of Energy.
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2.) $7,500 federal tax credit.
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3.) $2,500 California credit per car.
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4.) California Air Resources Board tax credits (it sells them)
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5.) $34 million California tax break incentive for building a plant in the San Francisco area.
Plus going public for $226.1 million.
Somehow some people credit that with operating in the black. They are as red as the Soviet Union ever was.