VIDEO: Fox's Tesla Re-Coil
Fox News and Fox Business previously portrayed electric carmaker Tesla Motors as another "failure" of the Obama administration's green energy investments. But since it is now clear that the company is doing well, both networks have developed amnesia  about its federal loan, with Tucker Carlson claiming that "they don't take any government subsidies at all."
Tesla recently reiterated  its plans to repay a loan granted through the Department of Energy's Advanced Technology Vehicle Manufacturing program ahead of schedule. This followed a series of positive developments, including the company's first quarterly profits  and a shining review  of the Model S sedan by Consumer Reports. Financial services firm Morgan Stanley recently told  Raw Story that "Many funds approach an investment opportunity by first asking: does the company do something better or cheaper than anybody else? Tesla is beginning to convince the market it may do both."
But no matter how Tesla fares in the coming years, it seems likely that Fox News will change its reporting  to follow suit. In 2012, Fox News' claim that Tesla was a "failed" company was eventually adopted  by the campaign of then-presidential candidate Mitt Romney. Later, Fox News admitted Tesla was a "success ", eventually forgetting  its federal loan  in the process.
Video created by Max Greenberg and John Kerr.
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- Economy , Environment & Science , Energy 
- Fox News Channel , Fox Business 
- Tucker Carlson , Brian Kilmeade , Jon Scott , Andrea Tantaros , Gregg Jarrett , Eric Bolling , Peter Johnson Jr. , Lauren Simonetti 
- FOX & Friends , Happening Now , America's News HQ , FOX & Friends Sunday , The Five , Fox & Friends First