From The U.S. Senate Hearing Testimony Today:
“Whether Tesla remains profitable remains to be seen and because many of the
projects for both DOE ATVM and loan guarantees are in relatively
early stages of development,labeling them successes is premature
and if they do go bankrupt, the taxpayer funds are merely providing a lifeline.
However,if Tesla’s electric vehicles are the wave of the future, they should have secured investment and loans through the private sector.”