This is the product of government subsidy.
Because without government subsidy, Tesla would not be making cars...it would be a failed business venture.
yep
>>This is the product of government subsidy.<<
There is much truth in that statement.
If government had not destroyed our fossil fuel industry, Tesla would have found more competition.
“Because without government subsidy, Tesla would not be making cars...it would be a failed business venture.”
Perhaps at the outset Tesla would not have succeeded without the electric car subsidy. But now that they’re established in the market and enough people like them I imagine they’d survive without the subsidy.
Also, Tesla has paid back the $400 million Federal loan they got started on and their direct subsidy for producing electric vehicles totaled $2.4 billion as of August 2020.
For producing what is a stylish and relatively reliable car.
By comparison Ford took out $6 billion in Federal loans to start their electric vehicle program and they haven’t paid back even one penny. Ford has also received $33.5 billion in subsidies to produce electric vehicles that are not nearly as popular and reliable as the Tesla products.
GM & Chrysler took out $67bn in Federal loans to start their electric car programs which failed and both firms went bankrupt and the loans will never be paid pack.
Tesla is prospering in this market and I expect if the Feds cut off the money spigot then Tesla would end up the sole manufacturer of electric vehicles and they might even do better when the inept competition leaves the market.
Full disclosure: I do not own a Tesla. I have a couple of old Volvos and a 1965 Ford.
Your tax dollars at work.
Tell that to Ford who has 30+ billion in subsidies compared to 2.4 billion for Tesla and Tesla paid back it’s loan 9 years early in full. Ford still owes money, GM went bankrupt and will never pay it’s billions back. Nissan still owes billions
Ford borrowed $5.937 billion under the ATVM Loan Program. Ford still hasn’t paid that back.
As of today, Ford has had a total of at least $33,489,841,570 ($33.49 billion) in subsidies awarded.
Nissan borrowed $1.448 billion under the ATVM Loan Program and still hasn’t paid us back.
Nissan’s total subsidy value is $1,955,199,450 ($1.96 billion).
Fisker Automotive borrowed $529 million under the ATVM Loan Program and went bankrupt. We won’t get that money back.
GM and Chrysler both went into bankruptcy and had to be rescued under a separate program.
GM’s total subsidy value is $50,346,920,000 ($50.35 billion).
Fiat-Chrysler’s total subsidy value is $17,599,200,000 ($17.6 billion).
https://cleantechnica.com/2020/08/03/tesla-subsidies-how-much/
But hey don’t let facts get in the way of a good political hissy fit.
“This is the product of government subsidy.”
The electricity you use in your home everyday is a product of government authorized subsidy.
The military hardware that protects you daily is a product of government subsidy.
The highways you travel on daily are a product of government subsidies.
It is due to economies of scale. No one will invest in economies that require that can of investment with the return so far off.
This is the product of government subsidy.
************
As are many other things/products/etc as they are coming
out to the public. Life is a bitch at times or so I’m told.
One thing is sure, you live till you die. Live with it.