John Podesta Awards $2 Billion Govt Loan to Former Head of Tesla to Compete with Elon Musk

John Podesta awarded $2 billion to a former Tesla head to help him compete with Elon Musk.

It was reported that Podesta, who had been fired from the head of a government venture, was to take over as CEO. Select As President, Clean Energy Innovation and Implementation.

Podesta was given to Oversee The Inflation Reduction Act includes climate change provisions worth $370 billion.

Former White House advisor, he is currently the chair of the Board of Directors for the Center for American Progress. He founded it in 2003.

Redwood Materials, a U.S.-based company that makes battery materials, was founded by Tesla cofounder J.B. Straubel. The conditional approval of a $2B loan from the U.S. Department of Energy for domestic production has been granted, The Gateway Pundit reported.

Bloomberg Reports the DOE’s Advanced Technology Vehicle Manufacturing program, which helped Tesla develop its signature Model Y, is funding the loan.

The program’s lending limit soared to $55 billion by President Joe Biden’s signature Inflation Reduction Act (IRA), almost four times its previous level.

Podesta’s project is already expected to cost billions more.

But the slew of new investments nearly quadrupled the projected cost of the tax credits, from the Congressional Budget Office’s initial estimate that the program would cost roughly $30.6 billion over the next ten years.

Private analysts estimate that the program will cost $136 billion in the next ten year, with the possibility of an increase if new projects become public.

Podesta and his deep-state cronies don’t like Elon Musk; that’s pretty obvious.

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