Tesla posts big loss

[Newsfeed]

Tesla posts big loss

 

[konfab]

Another perfect example of careful government spending.

 

[genetic]

Another perfect example of careful government spending.

Huh?

 

[konfab]

Huh?

For every Tesla car sold (up to No. 200,000), federal taxpayers kick in $7,500 to lower the costs. State taxpayers in a multitude of states pony up still more. In Colorado, they contribute another $5,000 to the electric car kitty, in California, it's $2,500.

When the Los Angeles Times crunched the numbers two years ago, it found that Tesla buyers had received more than $284 million in federal tax incentives and more than $38 million in California rebates. And that was before Tesla's banner 2016 year.

The taxpayer help only starts there. Tesla also collects hundreds of millions from competing automakers by selling environmental credits in California and more than half a dozen other states to car companies that can't meet the states' "zero emissions" sales mandates.

Plus, Nevada ponied up $1.3 billion in incentives to convince Tesla to build its huge battery factory near Reno.

And this doesn't include the fact that electric car owners don't pay into the Highway Trust Fund — which is funded by the per-gallon tax on gasoline and pays for road construction and upkeep.

https://www.investors.com/politics/editorials/if-tesla-is-worth-more-than-gm-why-are-taxpayers-still-subsidizing-it/

 

[Knyro]

Huh?

Tesla takes advantage of a lot of tax breaks and carbon credits due to them being in the car business. Because their cars don't produce any greenhouse gasses they get a truckload of them, which they then sell to other businesses.

MyBBers seem to interpret this as Elon Musk blowing US government money, even though anybody can take advantage of these laws.

 

[konfab]

Tesla takes advantage of a lot of tax breaks and carbon credits due to them being in the car business. Because their cars don't produce any greenhouse gasses they get a truckload of them, which they then sell to other businesses.

MyBBers seem to interpret this as Elon Musk blowing US government money, even though anybody can take advantage of these laws.

And where do you think that money ends up? Hint: it doesn't end up with poor people.

http://www.nasdaq.com/symbol/tsla/ownership-summary

 

[TrueSeeker]

Another perfect example of careful government spending.

At least they haven't needed a bailout yet.

https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670

$10bn was never recouped there. But anyway... Sometimes you gotta do what you gotta do.

 

[Knyro]

And where do you think that money ends up? Hint: it doesn't end up with poor people.

http://www.nasdaq.com/symbol/tsla/ownership-summary

So? You think all US government spending is meant for poor people?

If anything your beloved Trump is making sure they get even less.

 

[rietrot]

Tesla takes advantage of a lot of tax breaks and carbon credits due to them being in the car business. Because their cars don't produce any greenhouse gasses they get a truckload of them, which they then sell to other businesses.

MyBBers seem to interpret this as Elon Musk blowing US government money, even though anybody can take advantage of these laws.

Slight correction. At worst Musk is a opportunist. The US gov is the one blowing tax payer money. The issue is more that Tesla doesn't seem like a viable business on its own.

 

[reactor_sa]

Slight correction. At worst Musk is a opportunist. The US gov is the one blowing tax payer money. The issue is more that Tesla doesn't seem like a viable business on its own.

Not yet anyway. The oil price is very low by historical standards.