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Good News & Bad News, page-46202

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    Tesla just received a loan (no bailout), paid it back early and with interest.

    In the USA, only a few automakers have never gone bankrupt throughout their company history. The most prominent include:

    Ford Motor Company
    Ford managed to survive the global financial crisis of 2008 without resorting to a government bailout, unlike some other American manufacturers.

    Tesla, Inc.
    Although the company faced financial difficulties in its early years, it has established itself as a leading manufacturer of electric vehicles.

    In contrast, many other American automakers, such as General Motors and Chrysler, had to rely on government assistance during times of crisis and even filed for bankruptcy, particularly during the 2008 financial crisis.
    Last edited by hotsupper: 12/09/24
 
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