What gummint subsidies does Tesla rely on

Posted on: September 5, 2024 at 13:07:19 CT

Tesla received $0.4 billion of federal loans and bailout support via the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. However, that amount was repaid in full with interest, almost a decade early. The federal loan Tesla received was for $465.5 million and was granted in 2010 — the first recovery year after the 2009 financial crisis. As CleanTechnica reported in May 2013, that was paid back 9 years earlier than it had to be.

While Tesla did receive a lot of aid from taxpayers, Tesla paid us back.

Ford borrowed $5.937 billion under the ATVM Loan Program. Ford still hasn’t paid that back.

As of today, Ford has had a total of at least $33,489,841,570 ($33.49 billion) in subsidies awarded.
Nissan borrowed $1.448 billion under the ATVM Loan Program and still hasn’t paid us back.

Nissan’s total subsidy value is $1,955,199,450 ($1.96 billion).
Fisker Automotive borrowed $529 million under the ATVM Loan Program and went bankrupt. We won’t get that money back.

GM and Chrysler both went into bankruptcy and had to be rescued under a separate program.
GM’s total subsidy value is $50,346,920,000 ($50.35 billion).

Fiat-Chrysler’s total subsidy value is $17,599,200,000 ($17.6 billion).