Musk Shuts Down the Loan Office That Funded Tesla

Elon Musk's Department of Government Efficiency is dismantling the Department of Energy's Loan Programs Office (LPO), which provided Tesla with a crucial $465 million loan in 2010. This move threatens the US clean energy and electric vehicle industries, jeopardizing numerous projects and increasing consumer costs. Companies like Kore Power and Freyr Battery have already canceled expansion plans due to loan freezes. Critics argue Musk is cutting the very program that helped him build his empire, undermining American competitiveness and displaying a profound lack of gratitude.