$465 Million loan to Tesla.. WTF?

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Catching up with news back here, and I found out that the ridiculous loan that Tesla asked for was actually approved by the Obama administration.

They gave a $465 million loan to a company that in 5 years has built 500 overpriced laptop powered lotus elises and has gone through 5 CEOs.

Someone must have had an in somewhere in the White House, because this is just ridiculous.

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