A bailout for Tesla?

0 million for Tesla?

So, Tesla Motors is seeking some 0 million dollars in low interest loans from the government – a tiny piece of the billion that Congress approved to help automakers restructure to meet new CAFE legislation.

Does Tesla really help American fleet fuel economy? Should government money go to a company that will undoubtedly use that money as a bridge to an IPO to further enrich it’s VC funders?

Then again, if you’re gonna give money to US automakers with a history of inefficiency, why not to a startup?

I’m not terribly against government loans to Tesla, but I do think that any vehicle produced via government money should require proper pricing points. For instance, vehicle cost should be guaranteed to be no more than ,000, although I really think it should be closer to ,000.