2025-04-28Elon Musk Is Shutting Down the Part of the Government That Helped Him Save Tesla
Billionaire and Tesla CEO Elon Musk's businesses have relied greatly on government funds, rescuing them from certain doom on several occasions. In early 2010, Tesla received a $465 million loan through the Department of Energy's Loan Programs Office, allowing it to establish crucial supply lines for its Model S production and buy the Fremont factory in California from a bankrupt Toyota and General Motors venture. It was a massive, taxpayer-funded lifeline that came at an extremely important time for Musk's EV maker, but over 15 years later, the situation looks dramatically different. As Jalopnik reports, the billionaire's Department of Government [...]