Welcome to the rotten fruits of crony capitalism 2.0. The millionaires who own Tesla got a $350 million loan from the U.S. government this year. Taxpayers only get downside, while a bunch of insiders and now a foreign carmaker capture all the upside.
As opposed to what? The millionaires in charge of GM that got billions? Sounds like Uncle Sam is just hedging his automotive bet. If I didn't know any better I'd say that (cough) made sense.
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