After Tesla Becomes A Success, Fox Forgets Its Federal Loan
In recent weeks, Fox News has admitted  that electric carmaker Tesla Motors is a "success story" -- but now the network suddenly has amnesia about the federal assistance that helped it succeed.
On Friday, Fox News anchor Jon Scott hosted Wall Street Journal automotive industry reporter Joseph White to discuss Fisker , an electric carmaker beset by financial troubles after receiving support from the Department of Energy's Advanced Technology Vehicles Manufacturing program. Scott suggested Fisker is representative  of the DOE's loan guarantee program, adding: "Meantime, there's another company, Tesla, smaller company, did not get a government loan as far as I'm aware ... Tesla seems to be making a go of it so far."
White quickly corrected Scott, pointing out that Tesla actually received the same type of government loan guarantee that Fisker did. Indeed, Fox News previously used government assistance for Tesla as an example of supposedly "Failed Green Energy Policies ," a characterization then-presidential nominee Mitt Romney later echoed .
However, recent events have forced even Fox News to admit  that Tesla is a "success story." Tesla's Model S electric sedan was named car of the year by both Automobile  and Motor Trend  and is en route to exceeding corporate sales  goals. The company has also announced  that it turned a profit in the first quarter of 2013 and plans on paying back its DOE loan five years early.
UPDATE (4/26/13): When covering a negative  review of Tesla's car, however, Jon Scott did remember that Tesla was government-funded, stating in February 2013, "we are all sort of co-owners of Tesla -- that company got hundreds of millions of taxpayer dollars as part of the president's, you know, green energy thing":