• fb_100001094176420 avatar Ele Posted: 7/23/2013 4:19pm PDT

    What most of those naysayers ignore about the ATVM is that it had a 30% risk rate, or allowable failure rate of up to about 8 billion dollars. In total, they lost about $193 million to Fisker (who never took the whole $593 million) so the actual risk rate was $193 million of $9 billion, or 2%, making it a huge success. Same with Solyndra's loan guarantee of $535 by the DOE, was one of 28 companies that were involved. That program generated 20,000 jobs. So as a whole a failure of some sort is completely expected in the program, and in reality the DOE program wasn't a failure just because of Solyndra.