This Week in Startups SNEAK PREVIEW! Inside Transportation E2: EV Companies Take PPP Loans, Virgin Australia collapses, Levandowski v. Uber
Apr 27, 2020
Two electric vehicle startups have controversially secured PPP loans while many small businesses struggle. The ethics of large corporations tapping into government aid during crises is hotly debated. The podcast examines the stark contrasts between the failures of new EV companies and the triumphs of Tesla. Additionally, it critiques government bailouts, spotlighting Virgin Australia's collapse and advocating for competition over fiscal favoritism. Intriguing insights into the automotive industry's shifting landscape keep listeners engaged.
AI Snips
Chapters
Transcript
Episode notes
EV Companies and PPP Loans
- Two electric vehicle companies, Faraday Future and Workhorse Group, received PPP loans.
- This raises questions about whether well-funded companies should receive these loans.
PPP Loan Advice
- Companies with over 18 months of runway probably don't need PPP loans.
- Those with less than 18 months might benefit from the help.
Tesla Roadster Anecdote
- Jason Calacanis bought the 16th Tesla Roadster signature series.
- He later had to replace the battery after someone bricked it by improperly charging it.