Tesla Does Not Like Relying on Government Funding
In 2010, the United States of America put into place the Advanced Technology Vehicle Manufacturing Program, also known as the ATVM. This program was developed to support the advancement of fuel-efficient cars. Of the $25 billion dollars in loans, Tesla borrowed a mere $465 million. Although some criticized Tesla CEO Elon Musk for taking the loan, he made sure that it was paid back nine years ahead of schedule.
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