Comments on: It was both correct and costly https://www.isegoria.net/2024/02/it-was-both-correct-and-costly/ From the ancient Greek for equality in freedom of speech; an eclectic mix of thoughts, large and small Sun, 17 May 2026 22:16:33 +0000 hourly 1 http://wordpress.org/?v=3.6.1 By: Freddo https://www.isegoria.net/2024/02/it-was-both-correct-and-costly/comment-page-1/#comment-3657731 Freddo Tue, 27 Feb 2024 08:19:17 +0000 https://www.isegoria.net/?p=50911#comment-3657731 From Wikipedia:

Musk co-led the third, $40 million round in May 2006 which saw investment from prominent entrepreneurs including Google co-founders Sergey Brin and Larry Page, and former eBay President Jeff Skoll.

By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his own money to the company.

In June 2009, Tesla was approved to receive $465 million in interest-bearing loans from the United States Department of Energy.

So by no means a commercial success, but it created enough visibility as a “green” product and connections with other well-connected to qualify for massive government funding. Exercise for those at home: what do we call this type of government (you can invent a new term if desired).

]]> By: Michael van der Riet https://www.isegoria.net/2024/02/it-was-both-correct-and-costly/comment-page-1/#comment-3657707 Michael van der Riet Tue, 27 Feb 2024 06:39:22 +0000 https://www.isegoria.net/?p=50911#comment-3657707 About 2,450 Tesla Roadsters were sold, which makes it a dud. Elon messed up big-time. Let’s hope that the Cybertruck does better than that.

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