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Tesla Looking For Loan Program
No, Tesla is not in trouble. In fact they understand very clearly how important loan availability is to their long term viability. That's why they are pushing for gov't loans to reduce their initial cost in new vehicle production.
The idea is simple. Give consumers affordable vehicles from the beginning and this will help launch the technology to a wider audience. The wider the initial audience gives a company like Tesla and EV technology in general more of chance to solidify and succeed.
It will be interesting to see if Tesla can convince the government to go ahead. This is especially tough since the government has been held down dealing with the Big 3 Auto bailout.
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