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So, Tesla
Motors is seeking some $400 million dollars in low
interest loans from the government - a tiny piece of
the $25 billion that Congress approved to help
automakers restructure to meet new CAFE legislation.
Does Tesla really help American fleet fuel economy?
Should government money go to a company that will
undoubtedly use that money as a bridge to an IPO to
further enrich it's VC funders?
Then again, if you're gonna give money to US
automakers with a history of inefficiency, why not to
a startup?
I'm not terribly against government loans to Tesla,
but I do think that any vehicle produced via
government money should require proper pricing points.
For instance, vehicle cost should be guaranteed to be
no more than $40,000, although I really think it
should be closer to $30,000.
Labels: electric cars
