{"id":5287,"date":"2013-07-28T16:25:00","date_gmt":"2013-07-28T22:25:00","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=5287"},"modified":"2013-07-28T16:25:00","modified_gmt":"2013-07-28T22:25:00","slug":"tesla-success-shows-what-a-bad-investment-the-gmchrysler-bailout-was","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=5287","title":{"rendered":"Tesla success shows what a bad investment the GM\/Chrysler bailout was"},"content":{"rendered":"<p><A href=\"http:\/\/blogs.law.harvard.edu\/philg\/2013\/07\/28\/tesla-success-shows-what-a-bad-investment-gmchrysler-bailout-was\/\">Philip Greenspun<\/a>: <\/p>\n<blockquote><p>Consumer Reports has rated the Tesla sedan the best car that they\u2019ve ever tested (<a href=\"http:\/\/news.consumerreports.org\/cars\/2013\/05\/consumer-reports-names-its-top-scoring-cars.html\">list<\/a>). Tesla has a market capitalization of about $14 billion (July 22, 2013). According to <a href=\"http:\/\/en.wikipedia.org\/wiki\/Tesla_Motors\">Wikipedia<\/a>, Tesla seems to have required about $1 billion in debt and equity funding.<\/p>\n<p>The GM\/Chrysler bailout required roughly $85 billion in taxpayer funds (<a href=\"http:\/\/en.wikipedia.org\/wiki\/Effects_of_the_2008%E2%80%932010_automotive_industry_crisis_on_the_United_States\">Wikipedia<\/a>). Instead of preserving these relics we could have instead have had nearly 85 startup automobile manufacturers on the same scale as Tesla. Wouldn\u2019t that have been a lot more interesting and more likely to push forward the automotive state of the art?<\/p><\/blockquote>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philip Greenspun: Consumer Reports has rated the Tesla sedan the best car that they\u2019ve ever tested (list). Tesla has a market capitalization of about $14 billion (July 22, 2013). According to Wikipedia, Tesla seems to have required about $1 billion in debt and equity funding. The GM\/Chrysler bailout required roughly $85 billion in taxpayer funds [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/5287"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5287"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/5287\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5287"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}