Re:What's Happening Inside the NIH and NSF
by rtkwe on Wednesday February 05, 2025 @11:33AM
(#42950971)
The big question then is did the incentives then get clawed back. The pattern I'm familiar with says probably not; usually the company building the factory doesn't lose much of anything they were given when they fail to meet the milestones.
Re:What's Happening Inside the NIH and NSF
by zie on Wednesday February 05, 2025 @11:54AM
(#42951380)
First, it's usually structured that you meet X target, you get Y incentive. Second, what doesn't get clawed back is true of all companies though. So it's not unique to Tesla in any way.
Some of it is a loan, I know Tesla had a loan from the govt, they paid it back early if I remember correctly.
Plus all of that is in the past. What would be a huge problem is if the federal govt started throwing grant money at Tesla now, while Musk is running around playing in the govt.
All that said, I think it's a terrible state of affairs we find ourselves in, but I mean we voted Trump into power, what did we expect would happen? Rainbows and kittens?
A big part of those $5 billion was not having to pay sales taxes on possible future Gigafactory production, for example, but that gigafactory never reached the initally planned size AFAIK.