Automotive
Debunked May 2, 2024The Claim
Tesla only survives because of government subsidies.
The Reality
Tesla received a $465M U.S. Department of Energy loan in 2010 — and repaid it in full, nine years early, in 2013, with interest. EV purchase incentives are available to all qualifying automakers, not just Tesla. Tesla has reported sustained operating profits driven by vehicle sales rather than subsidies. Regulatory-credit sales exist, but Tesla's automotive gross profit has not depended on them in profitable years.
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Last updated May 2, 2024Comments(0)
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