Elon Musk and Chrysler Clash Over U.S. Loans Tweet

Posted May 23, 2013

Elon Musk, the CEO of Tesla Motors, is proud that his company was able to pay off their federal loans on Wednesday.  Below is a tweet that Musk wrote about the news:

In regards to the statement about “only US car company to have full repaid govt,” Chrysler spokesman Gualberto Ranieri responded by saying “The information is unmistakably incorrect.”

“It’s pretty well-known that almost exactly two years ago ?- May 24, 2011 -? Chrysler Group LLC repaid (in full and with interest) U.S. and Canadian government loans more than six years ahead of schedule,” added Ranieri.

Musk pointed out that Chrysler is now controlled by Italian company, Fiat.  “More importantly, @Chrysler failed to pay back $1.3B. Apart those 2 points, you were totally 1st,” said Musk in a tweet.  This tweet is in reference to the money that the U.S. government gave to Chrysler to keep operating as they transitioned to a new entity in 2009.  That money was not a loan and Chrysler was not required to pay it back.

Musk is known for getting into “flame wars” with critics.  Earlier this year, Musk went back and forth with a New York Times editor named John Broder about a Model S running out of gas on the East Coast in cold temperatures.