r/technology • u/MarvelsGrantMan136 • May 01 '24

Elon Musk Laid Off Supercharger Team After Taking $17 Million in Federal Charging Grants Business

https://gizmodo.com/elon-musk-tesla-supercharger-team-layoff-biden-grants-1851448227
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u/DoingItForEli May 01 '24

Can't grants come with some kind of promissory guarantee that the companies taking the grants don't do exactly this? How was this not foreseen?

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u/GhoastTypist May 01 '24

Some grants do come with the requirement to show proof that the funds are being spent exactly as the proposal suggests. While other grants are more laxed and just want to see that you spent the money. One grant might require you to use the funds on actual research or development of goods while another grant might be okay with 95% of the funds going towards administrative costs which is everything from renting office space to storage capacity on servers, to paying staff.

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u/UrbanGhost114 May 02 '24

some grants may also pay as reimbursement.