New York Times writer opposes DOE loans for Tesla
On the flip side, Calacanis is no stranger to a bit of hyperbole himself. It's not clear that a Roadster would only cost 1/3-1/2 as much just by lowering the range to 100 miles and while the Model S will certainly be less expensive, $60,000 is still not what I would call an affordable car. However, it's a big step in the right direction. While Silicon Valley has a remarkable record of innovation, it remains to be seen if they have all the answers to the world's transportation problems. Considering the 100s of billions being flushed down the toilet of Wall Street, a $400 million loan (with interest and everything) to Tesla should be a no brainer.
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