Also in this playlist...
This transcript is automatically generated
Let's get to -- -- motorists talking about profits surprising shareholders by paying off the start -- loan from the Department of Energy.
Nine years early.
Short time ago I asked Elon Musk Tesla co-founder chairman and CEO.
How he felt about paying that government loan -- -- -- it -- it really felt like a great relief as a visit a big real wolf.
My -- -- -- -- and and and really -- because -- as a whole because we did receive quite a bit of criticism for the loan.
And and and clearly that is something that that matters to two people out there.
Come on on on a strict economic spaces that didn't actually.
Makes sense for us to prepare flowing through at really low cost a company that but I I I'm making it -- essentially that.
That this is gonna matter to enough consumers out there that that perhaps we'll make up for it -- -- I talk -- really relate to what you're saying because every time people talk about green cars and electric cars -- -- well.
Can they stand on their own without the government loans clearly you guys have been doing extraordinarily well.
Now does this enable you to do anything differently to ramp up production or at least -- design of your next line of vehicles.
If it does allow us to accelerate things -- but because we we actually raise.
Over a billion dollars.
And and that took the loan was for repayment including interest in fact it's worth noting that such text there's actually made a profit on on this -- Of a -- I'm I'm -- -- -- do we have approximately.
A 26 million dollars.
So it's actually fuels tax bills went down slightly as the results of -- of this repayment.
But but we -- -- raised.
A pavilion that that gives us half -- -- over.
To help accelerate future developments like the model actress -- -- out the generation vehicle which is.
That the mass market for portable car which we're you know I think the thing that that our voice really wanted to.
To vote from from day one with -- with with has.
With -- there's a car that is affordable.
That has written and advocates look compelling and and and -- have a range of thinking -- -- about 200 miles and and that's that's what.
What so we want to get too -- -- who's who's we can convince.
Just define affordable is that 38000 dollars is at 42000 dollars.
Yet it's -- would be about half the price of but the model S.
Again and current your dollars -- his -- of inflation -- with each passing year it would be in the thirty to 35000 dollar range.
When you factor in desolate we -- gasoline savings that actually it takes the price down into B 25 to 30000 dollar range.
Can I just quickly ask you -- there's been a little bit of a war of words now between you -- Chrysler you said you were the first green vehicle company to pay out the entire -- pay it back.
To the Department of Energy Chrysler so we'll wait a minute and I don't we paid hours early as well.
-- Well I mean -- they're actually did say that's.
Because that was the first US company to fully fully repay the government -- and Chrysler is -- division of Fiat which is an Italian company.
And and then the other thing that.
Chrysler's neglecting to mention is that -- -- day.
That the -- -- short one point three billion so that -- -- Actually didn't didn't repay one point three billion yeah but but I think I have apart from that there request.
When we last spoke in not want -- sane person in Fremont California at the Tesla plans you said.
In response to my question about Tesla being one of the most shorted stocks.
Around you said that really at your apparel should you be shorting the stocks since then the stock has skyrocketed more than a 150%.
Year over year it's up more than -- 180%.
What do you say that the shorts -- because there's still up thirty plus percent floated the short run.
Short -- at this point.
Friday I think -- there was this thing we -- -- discussion Tenet the court would rule him through the plants last year.
And I think people took that as some sort of bravado or.
I don't know what -- it it actually I think of course the shortages to increase Saddam but.
I am not really someone who blocks episodes and I'm I'm I'm I'm really just saying like hey.
If if if someone says there's a freight train -- -- -- direction you should at least look down -- if you're on the track.
-- congratulations on paying off the loan Elon Musk of Tesla thank you so much.
Freight train that's what that stock chart shows -- --
Filter by section