you buy down the loan
if the S is min 62k that is approx 11-1200/month
so you have to buy it down
then AS IN A Pyramid scheme that money would be paid back to those who want to get their money back after 3 years
who can guarantee this?
no one but a huckster
bernie madoff made these types of claims
what is the actual amount of taxpayers money funding this??
we'll never know UNLESS WE GET SOMEONE TO GET US AN HONEST ACCOUNTING
GOOD LUCK ON THAT
They take your money from buying the car and invest it making a profit hopefully and you get part of your money back. The only way to really get this car is to buy it outright. Leasing is a ripoff the way I see it.
Elon Musk owns around 25% of the stock, hasn't sold any shares and got paid $33000 last year. Not sure how he's profiting from this "scam". And he just made a comment about personally backing this program.
Next conspiracy theory?
Sentiment: Strong Buy
With federal aid for green-tech startups under assault in Washington, Tesla Motors took to the webs last week touting how its $465 million federal loan had helped create hundreds of jobs — but it didn't reveal that it's now asking for more government money. They also won't reveal why they want it or how much they're asking for.
No electric vehicle start-up has been as successful at mining cash so far as Tesla, which founder Elon Musk has raised $620 million for from private investors on top of its U.S. Department of Energy loan to build the Model S sedan and Model X crossover. Musk secured a $100 million deal with Toyota for an electric version of the RAV4, and the company had more than $661 million in cash as of June 30, including $330 million of untapped Energy loans.
All after building about 1,900 cars so far.
Which explains why Tesla felt the need to defend the loan program after Republicans attempted to cut it as part of the ongoing budget battles on Capitol Hill. In a company blog, Tesla contended that the loan had allowed it to add 1,000 jobs, and make plans for an additional 1,000 jobs next year as it ramps output of the Model S.
Yet it took a call from the San Francisco Chronicle for Tesla to disclose that it had asked for another federal loan, in an amount it has declined to disclose. Tesla has previously said it had enough cash to cover the costs of launching the Model S and Model X — but the ramp-up of those vehicles may take years.
Tesla acolytes suspect the loan might pay for a long-rumored "Bluestar" model meant to be an affordable family car. Given the heat on the government's loan program, Musk may have to prove he can launch the Model S without issues before getting another boost from Washington.
Why should rich folks get fed rebate subsidies paid for by people working overtime just to afford Obamacare premiums? I've pretty disappointed that he is publically acknowledging the amount of goosing he has to do to expand sales at this early juncture. If people are traveling such short distances, they should walk or ride a bike.... and for THAT, Bloomberg should be paying them $7500 personally for being all healthy and stuff.
The number don't work for me at all. I have a civic and a prius. No way am I going to save that much in gas or maintenance. I need the smaller car. Bluestar is needed now rather than later.
they probably figured in 15000 miles a year at gas mileage of 20mpg = 750 gallons of gas at $4.00 comes out to $3000 minus electric costs say $600 your net is $2400 so the $500 payment on paper will actually be around $700....but no gasoline monthly pymts...makes it equivalent to $500