Corrupt John Podesta Awards $2 Billion Government Loan to Former Tesla Employee Which Will Compete with Elon Musk
By Joe Hoft
Published February 10, 2023
TGP reported in early September 2022, that creepy John Podesta was taking over the head of a new government venture.
Podesta was assigned to oversee the implementation of $370 billion worth of the climate change provisions included in the Democrats’ Inflation Reduction Act, which Biden signed in August…
…Podesta is currently chair of the board of directors for the Center for American Progress, a liberal think tank he founded in 2003.
Hillary Clinton’s former campaign manager also served as chief of staff to former President Clinton and was top climate advisor to President Obama.
Yesterday it was reported that Podesta’s outfit had just awarded $2 billion to a former head of Tesla to compete with Elon Musk.
Redwood Materials, a U.S-based battery materials company founded by Tesla co-founder J.B. Straubel, has received conditional approval for a $2 billion loan from the U.S. Department of Energy (DOE) for domestic battery cell production.
The DOE’s Advanced Technology Vehicle Manufacturing program, which helped Tesla develop its signature Model Y, is funding the loan, according to Bloomberg. The program’s lending limit shot up to $55 billion by President Joe Biden’s signature Inflation Reduction Act (IRA), nearly four times its previous level.
Of course, Podesta’s project is already expected to cost billions more than it was budgeted for.
However, this aggressive rash of new investment 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 10 years. Private analysts now anticipate that the program will cost roughly $136 billion over the next 10 years, although the cost might increase as new projects are announced, according to Axios.
Let’s face it, Podesta and his Deep State friends don’t appear to like Elon Musk for buying Twitter.