Elon Musk Is Shutting Down the Part of the Government That Helped Him Save Tesla

Billionaire and Tesla CEO Elon Musk's businesses have greatly relied on government funds, rescuing them from certain doom on several occasions. A prominent example was in early 2010, when Tesla received a $465 million loan through the Department of Energy's Loan Programs Office that allowed 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, in a staggering irony, Jalopnik reports that the billionaire's Department of Government Efficiency has shut down the same DOE's Loan Programs Office that once allowed Tesla to flourish. It's a textbook example of Musk's hypocrisy, as he yanks the ladder up behind him, securing his own bottom line at the expense of those who follow. Other EV makers, including Rivian, have also benefited greatly from DOE funding tha ... Read full article.