FOX NEWS (“news,” I should write) is so lame I’m not sure if it’s sad or funny. It bashed the heck out of Tesla for years due to the fact that the company won a $450 million government loan. It equated it to the tiny percentage of loan-receiving companies that have failed and repeatedly called it a failure (despite Tesla’s numerous groundbreaking successes).
Tesla has just paid back its government loan… 9 years early. A failure if you ask me, right? Of course, FOX has to cover the news, since it’s huge news. Tesla is the first American car company to hit mass production in about 50 years. It is a whopping success. And out of government debt 9 years early?!
Unfortunately, FOX can’t even cover the story right. As you see in the video below (second half), FOX “reporters” consistently mess up and say that Tesla didn’t receive any government loans… at least they don’t think so. Wha?? You’ve got to be kidding me. The news is all over the place. Tesla has issued several press releases. FOX bashed Tesla for years simply for having loans. Now they think it only got loans from venture capitalists?
What a joke.
What a sad joke.
Here’s the video (h/t Peter Sinclair):
Here’s another FOX segment praising the wonders of the Tesla Model S, which won Consumer Reports’ best rating ever (99/100) as well as numerous other awards, which has been selling like hotcakes (outcompeting BMW, Mercedes, and Audi), and which has seen its stock rising significantly. Notably, again, the reporters don’t mention for a second that Tesla was one of a few recipients of the US Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) loan program (a loan to help in manufacturing the Tesla Model S). Here’s the video (again, h/t to Peter Sinclair):
If anyone considers FOX NEWS an actual, objective news site, I pity you. It’s a propaganda machine with an intense (and backwards) political agenda.