Quote:
Originally Posted by fitfan
+1
that money go directly into you know whos pocket and tesla is certainly going to go bankrupt now so he does not have to pay it back either....
pretty easy to hide ~60+ million in a 360+ mil construction project
...just ask dick cheney
i would estimate about 40% of that loan never makes it to "tesla making cars"
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this is fracking delorean all over again... "visionary" owner comes up with and idea, promotes it hollywood style, gets lotus involved, gets big govt loans to build a plant and.....
like i said before im just waiting for the video of musk with the suitcase full of cocaine...
seriously though, the powertrain/battery plant is a good idea... that money could be very well spent assuming that that the mismanagement problem is fixed. The other $360 million is simply not enough to build a new model from the ground up... Its not even close so when musk says that they dont need anymore money and they can go it alone it doesn make sense... unless they have already decided to use an existing vehicle platform to build the model S.