Skip to comments.Musk: Tesla "will not be applying" for add. DOE loan [rec'd govt loans for SpaceX & SolarCity]
Posted on 10/21/2011 4:46:33 AM PDT by Cincinatus' Wife
[Elec car maker Elon] Musk: Tesla "will not be applying" for additional DOE loan
Tesla CEO Elon Musk
Despite reports to the contrary, Tesla Motors wont ask the U.S. Department of Energy for an additional Advanced Technology Vehicles Manufacturing (ATVM) loan, according to the automakers chief executive officer.
Palo Alto-based Tesla has significant capital reserves and more than enough funds to develop its Model S sedan, CEO Elon Musk told reporters in Washington last Thursday. Apparently, Teslas initial $465-million DoE loan is all the government money thats needed for now. Quoting Musk:
We dont need any additional DOE funding. We will not be applying for any.
For the record, Tesla admits it had been in the loan pre-application process, but did not submit a formal application to the DoE. Ricardo Reyes, Teslas vice-president of communications, stated, Tesla has no completed loan applications pending before the DoE. And now, with Musks words, it seems no application will move from pre to pending status.
(Excerpt) Read more at wiot.net ...
Hopefully the RNC and other republican groups are keeping up with the fraud!! It’s all going to make some hard hitting ads in the swing states. GADS!!
I agree 100%.
I wonder why the FR moderator moved this from “news/activism” to “chat?”
I haven’t a clue. The ways of the mods are sometimes puzzling. You could send them a FReepmail and ask them though.
We tried several times on the thread but “crickets.”
It may because it came from a blog and not a standard news source?
Just a guess.
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