$eose
Some seem to wonder if the DOE is still interested in
$eose now that they have the Cerberus funds.
That thought totally misses the boat.
Jigar Shaw has made it clear that the goal of the DOE LPO is to help the US grow Tesla size companies.
And he wants them in the 2030 timeframe so
#DeployDeployDeploy can be a 2030s reality.
To hit Jigar Shaw's vision,
$eose needs both the $400mm from the DOE and the $315mm from Cerberus.
And even then, the $100mm revolver won't be big enough in 18-24 months.
If you get orders for $500mm in one project, you need huge amounts of working capital. Working capital is what revolvers are meant for.