Anyway, point being, he just paid back a loan which, in effect, created a luxury car company.
Well no. They created a car company. The next model which is being designed now is the normally-priced car. If they can stay in business long enough to build it, which seems likely, then we should see it roll out in a bit. We wouldn't have had to do this if the automakers had made EVs the first time around, e.g. during the EV-1 era... instead of flirting with them, then crushing them and declaring them undesirable, because they couldn't make service revenues on them. The two groups which stood to lose were auto dealers and Big Oil. Auto dealers depend on service revenues, and automakers are forced to sell through auto dealers.