5 ms·
And then there was the saving of the US auto industry - but, you know, nothing of note.
by smithian 13y ago
And then there was the saving of the US auto industry - but, you know, nothing of note.
- mhb 13y agoTesla success shows what a bad investment the GM/Chrysler bailout was: http://blogs.law.harvard.edu/philg/2013/07/28/tesla-success-shows-what-a-bad-investment-gmchrysler-bailout-was/ http://blogs.law.harvard.edu/philg/2013/07/28/tesla-success-...
- uptown 13y agoI'm a huge fan of Tesla, but GM/Chrysler wasn't just about the vehicles. It was about the employees, the economies in that part of the country, and the ripple effect that killing off American auto-makers would have had to every industry they touched. I truly hope what Tesla is doing becomes the future of the American auto-industry, but the nation was in no position, at that time, to facilitate that transformation in a way that was logistically, economically, or politically acceptable.