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A Twitter user chimed in with:
“The point that Jon makes regarding government playing a crucial role in making Tesla, is not true.
“Yes, Tesla did receive an energy efficiency loan from govt in 2010 but so did many car companies like GM & Chrysler.
“It was actually the Daimler investment in 2009 that was crucial.”
Musk said: “Correct.”
The Twitter user said:
“And of all the US car companies that received the loan, only Tesla has repaid the full loan amount with full interest.”
Great book
Liftoff: Elon Musk and the Desperate Early Days That Launched SpaceX Hardcover – March 2, 2021
by Eric Berger (Author)
Correct.
And GM FAILED to pay back a massive $11 Billion of the $50 Billion government loan they got.
The part about Tesla and the government loans is only part of the story. The real story is the massive goverent subsidies consumers got if they bought electric vehicles.