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Guest
Government subsidies are usually bad, except when they are good.
Tesla Motors didn’t need the federal government loan to go public or to survive, said Elon Musk, chairman, product architect and chief executive of the Tesla electric-car company.
Musk jumped in to comment on government subsidies even before the topic was raised by Alan Murray, who moderated the opening session of The Wall Street Journal’s ECO:nomics conference in Santa Barbara.
Musk said that generally he doesn’t believe government subsidies are good, but in some cases they do help.
In the case of Tesla, the $465 million loan that was awarded to the company by the Department of Energy in January 2010 helped the company stage a successful initial public offering the same month that another company backed by a federal loan, Solyndra, pulled its initial public offering.
http://blogs.wsj.com/venturecapital...sla-ceo-government-subsidies-are-usually-bad/
Tesla Motors didn’t need the federal government loan to go public or to survive, said Elon Musk, chairman, product architect and chief executive of the Tesla electric-car company.
Musk jumped in to comment on government subsidies even before the topic was raised by Alan Murray, who moderated the opening session of The Wall Street Journal’s ECO:nomics conference in Santa Barbara.
Musk said that generally he doesn’t believe government subsidies are good, but in some cases they do help.
In the case of Tesla, the $465 million loan that was awarded to the company by the Department of Energy in January 2010 helped the company stage a successful initial public offering the same month that another company backed by a federal loan, Solyndra, pulled its initial public offering.
http://blogs.wsj.com/venturecapital...sla-ceo-government-subsidies-are-usually-bad/