Durbin Statement On Ramaswamy's Threat To Claw Back Federal Loan To Rivian, Rival Company Of Elon Musk
Statement
Issues: Government Budget and Spending Energy
Isn’t this rich. In 2009, when his Tesla operation was hanging by a thread, Elon Musk borrowed nearly $500 million from the Department of Energy—saving the company so they could put a new model of the car on showroom floors. Now, his DOGE partner, Vivek Ramaswamy, is questioning a similar loan to Rivian, a competitor of Tesla, saying it is ‘high on the list of items’ that he will look to claw back.
Bottom line is Elon Musk’s record is clear—his vast business empire has benefitted from government assistance in the past. He’s in a delicate position with many potential conflicts of interest. I hope there will be some second thoughts to his ideas and the ideas of his DOGE partner.
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