Re:VW plans to sell electric Tesla rival for less than $23K:...
by Cthulhu_ on Friday November 09, 2018 @07:02AM
(#18413839)
Most major car manufacturers in the US received hundreds of millions of government money to not go bankrupt in the aftermath of the 2008 crisis; Tesla was not one of them.
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Re:VW plans to sell electric Tesla rival for less than $23K:...
by dsfyu404ed on Friday November 09, 2018 @08:18AM
(#18414114)
How is that relevant?
Tesla was not and is not a major automaker. Their market cap may be large but they don't employ all that many people or ship all that many cars (so less people upstream are dependent on them) Tesla was founded in 2008. They would not have been eligible for loans the .gov gave to GM/Chrysler. That would have been like a small town bank asking to be bailed out along with the wall street banks.