Article: Elon Musk’s DOGE partner Vivek Ramaswamy says they’ll scrutinize $6.6 billion Biden loan to Tesla rival Rivian

[PVguy]

https://finance.yahoo.com/news/elon-musk-doge-partner-vivek-131329979.html

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[rkalbiar]

Rivian fan and Rivian Shareholder here.
Yes, as a tax paying american. That 'loan' and the terms are bull!

 

[Hereforthesnacks]

Yep - I previously noted that this loan was at risk…

 

[PVguy]

“Oh yeah, we are free market capitalists”.

 

[UnsungZero_OldTimeAdMan]

“Oh yeah, we are free market capitalists”.

They want “free” and “freedom” for themselves. It’s wasteful charity when someone else are the beneficiaries.

Case in point, Musk is all bent out of shape over Gov. Newsom's tax credit proposal that exclude Teslas. Conveniently forgetting the $3+ Billion Tesla has received from the state since 2003. If not for that, Tesla might not exist today. And this figure isn't the only government assistance Tesla has benefited from.

And that's one of the many problems with our culture today: "I've got my benefits, no one else gets help."

 

[COdogman]

Can't wait to hear Elon explain why he is entitled to Federal loans, subsidies, contracts but other companies aren't. I won't hold my breath... Ramaswamy is just his annoying intern.

 

[HighVoltOverland]

And yet there were folks here saying “it’s too early to tell anything”

No. No it’s not. These muppets are giddy to share their “I got mine, so screw you” mentality

When people take the time to tell you what they want to do, and they have been given power to do it, we should really listen.

 

[Hereforthesnacks]

Can't wait to hear Elon explain why he is entitled to Federal loans, subsidies, contracts but other companies aren't. I won't hold my breath... Ramaswamy is just his annoying intern.

He won’t have to explain. He will just do it and say “sue us.” Which accomplishes most of what he wants since it will cost $$ and create uncertainty for competitors.

That’s how they work. They are not beholden to logic or explanations. They do and let others sort out the mess.

 

[manitou202]

Rivian fan and Rivian Shareholder here.
Yes, as a tax paying american. That 'loan' and the terms are bull!

There are plenty of examples of BS loans, grants, and government projects. I haven't looked into the details of Rivian's loan, but I'm sure it has some questionable terms.

However, the much bigger concern is that a competitor (Elon Musk and Tesla) would be the one's to audit the loan and decide if it should stand.

This is next level BS. If they want a level playing field then let Bezos and Lockheed audit SpaceX programs and loans. Let Rivian, and the Big Three audit Tesla.

 

[DaveA]

Stellantis-Samsung JV now given approval for 7.7 billion. Maybe DOGE will shift their focus to them now. Lol.

 

[dleepnw]

Absolutely no surprise here with Elmo involved

 

[COdogman]

He won’t have to explain. He will just do it and say “sue us.” Which accomplishes most of what he wants since it will cost $$ and create uncertainty for competitors.

That’s how they work. They are not beholden to logic or explanations. They do and let others sort out the mess.

Oh I don't expect any explanation. My post was an attempt at sarcasm but I know that doesn't travel well on the interwebs.

Ramaswamy has already been complaining about "unelected bureaucrats" without even a hint of irony....

 

[Jonger1150]

“Oh yeah, we are free market capitalists”.

The tariffs pretty much killed any chance at that.

 

[Tim-in-CA]

Dumb and Dumber strike again

 

[Biturbowned]

Ah yes this reminds me I have to order my “I bought this before Elon was crazy” sticker for the Model Y.

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