Elon Musk
Out of context: Reply #1742
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- utopian2
Ramaswamy and Musk threat to claw back Rivian loan sparks criticism of Musk’s conflict of interest.
ivek Ramaswamy, the incoming co-chair of President-elect Donald Trump’s commission to cut government spending, has set his sights on money the Biden administration is dispersing in its final days in office, including a key loan to a rival company of his commission co-chair, Elon Musk.
Last week, the Department of Energy announced a $6.6 billion conditional loan commitment to Rivian, the electric vehicle startup that is a nascent competitor to Tesla, Musk’s $1 trillion car company.
Ramaswamy says that loan and others like it are “high on the list of items” that he will look to claw back once his cost-cutting commission, known as the Department of Government Efficiency, or DOGE, gets going next year.
- Tech entrepreneurs have ZERO morals. To musk, this is nothing more than a business play********
- Was it an interest-free loan? Because a clawing back a loan is the opposite of efficiency********
- From the Rivian website:"$6 billion of principal and approximately $600 million of capitalized interest"Josev
- Tech entrepreneurs have ZERO morals. To musk, this is nothing more than a business play