To rephrase this:
Did all students get A on the exam? Did all even try to learn to get good grade? No. And why should it matter. Ones who did put some effort into learning got the loan. Others didn't. OMG HOW IS THAT FAIR?
Yup, unfair indeed, lol.
Business plan, business model, customer research, advances already made, further along, ... There are dozens of possible reasons to loan $500M to Tesla, but not to another company.
There are dozens of possible reasons why you would loan $1000 to one friend, but not to another. Someone else wouldn't know those reasons, but if the friend complained about you being unfair, you would be quite miffed if someone went on the internet complaining how unfair you were, based on treating two people differently, without considering that maybe these people actually are different.
These companies may be alike in trying to sell an electric car. That does not make them comparable for the purposes of giving them a loan.
It's quite funny that these Tesla Roadsters are being bought by rich Americans, and being subsidized by average Americans, and yet there seems to be no outrage from those purportedly upset about inequality. The average American isn't benefiting by enriching billionaires and millionaires with their $100,000 roadsters.
http://en.wikipedia.org/wiki/The_General_Theory_of_Employmen...
We've come a long way since the 1930s, haven't we? Yes, the government can do these things, and -gasp- it works, on a small scale, under certain conditions (economic depression).
The "$500m subsidy" to Tesla costs taxpayers zero after being repaid -- but represents a loan from the median taxpayer of about, oh, I dunno, seventy-five cents.
But yes, now that you've successfully moved the goalpost, I might have to revise my estimate of seventy-five cents.
You're complaining about "government picking winners and losers with taxpayer money". The loan isn't a waste of taxpayer money. The subsidy isn't picking winners and losers. Taken together, these two things do not provide weight to your claim: Tesla is not a messiah of the government on the wings of the taxpayers. Or, at least, you have failed to demonstrate that.
The end goal of the loan was not to make Elon richer or enable Tesla to sell a few thousand cars to "billionaires and millionaires". It was to support a company that had demonstrated a plan that looked reasonably viable for building up the EV tech to the point that it can become a mainstream replacement for ICEs. The incumbents have not shown as much interest or drive, and the initial attempts by them at delivering EVs have not seen the same level of adoption and excitement from the public. I believe that this lack is due to the less efficient manner they are going about it: trying to retrofit EV technology into the ICE world.
I am certainly not a millionaire. I am above the salary level of the average American. That meant that it was possible for me to save up and purchase a Model S. Based on my experience of owning it and my research of the company, I believe that this is the future and I believe that $500m loan was not simply a capital venture or investment but rather that it was very much a benefit to the average American because it will enable a third generation of EVs to enter the mainstream.
I believe the established companies see that plausible future also and are fighting as hard as they can with lobbying and lawsuits to prevent being overshadowed by it.