HNHacker News
TopNewBestAskShowJobs

qwanzi77

1 karma · joined June 5, 2013

submissionscomments
qwanzi77··on Minute 53, very emotional moment by Elon Musk
I clearly stated "smaller". BYD has a market cap 10% the size of Tesla's current market cap.
qwanzi77··on Minute 53, very emotional moment by Elon Musk
Many asked. Only few were given those loans. Why not give the money to research universities instead? Wouldn't that be a lot more fair? We could all exploit the research, instead of just a few well-connected billionaires and corporations with lots of resources.
qwanzi77··on Minute 53, very emotional moment by Elon Musk
So you should only give $500M loans to rich, well-connected, billionaires, right?

Wow.

There were quite several car manufacturers similar to Tesla's size before their large taxpayer-subsidized loan who didn't get those loans.

I guess you must be a well-connected billionaire to qualify. I guess that counts as "fair" nowadays.

qwanzi77··on Minute 53, very emotional moment by Elon Musk
Honda, Toyota, BMW, Mercedes, or smaller ones like Think, BYD, Tango, or Venturi? I could name many more. Where are their $500M+ loans to build their electric cars?
qwanzi77··on Minute 53, very emotional moment by Elon Musk
No. And why should it matter? Tesla got the loan. Others didn't. How is that fair?
qwanzi77··on Minute 53, very emotional moment by Elon Musk
Incumbent manufacturers have to go through dealers. Allowing Tesla to bypass dealers wouldn't be fair to other car manufacturers.

"Tesla repay a big federal loan a few weeks ago, many years before they had to?"

Why does this matter? They were given a large loan. That large loan gave them a large runway to have one profitable quarter, which allowed them to pay back the loan by issuing shares and bonds. Another car manufacturer couldn't do the same if you gave them $500M loans? Why should Tesla get it and not others?

qwanzi77··on Minute 53, very emotional moment by Elon Musk
No, they couldn't. There are several small electric car startups that wouldn't have a chance in the world to get those types of loans.
qwanzi77··on Minute 53, very emotional moment by Elon Musk
"he seems deeply affected that others are so much against him, especially when they aren't playing fair"

How exactly is Tesla playing fair? Did all car manufacturers receive a $500 million loan to build electric cars or something?