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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (717150)5/22/2013 8:30:07 PM
From: Jorj X Mckie2 Recommendations  Read Replies (1) | Respond to of 1584048
 
Less than four years after borrowing $465 million from the government, Tesla has become the first automaker to repay its loan under the Energy Department's Advanced Technology Vehicle Manufacturing program.

So....why exactly are we subsidizing luxury cars for rich people?



To: bentway who wrote (717150)5/23/2013 12:00:12 AM
From: i-node1 Recommendation  Read Replies (1) | Respond to of 1584048
 
>> The payment of nearly half a billion dollars was made possible in large part by Tesla's raising more than $1 billion with a stock and debt offering last week.

It is damned great that they found some investors to take us taxpayers off the hook.

Too bad Solyndra's loans were subordinated. Personally, I think you'd have to be an idiot to buy debt in an auto manufacturer after what that bum in the WH did to GM creditors.


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