Posted on 10/23/2017 2:29:43 PM PDT by Hojczyk
Musk and his companies' investors enjoy most of the financial upside of the government support, while taxpayers shoulder the cost.
The payoff for the public would come in the form of major pollution reductions, but only if solar panels and electric cars break through as viable mass-market products. For now, both remain niche products for mostly well-heeled customers.
Musk declined repeated requests for an interview through Tesla spokespeople, and officials at all three companies declined to comment.
The subsidies have generally been disclosed in public records and company filings. But the full scope of the public assistance hasn't been tallied because it has been granted over time from different levels of government.
New York state is spending $750 million to build a solar panel factory in Buffalo for SolarCity. The San Mateo, Calif.-based company will lease the plant for $1 a year. It will not pay property taxes for a decade, which would otherwise total an estimated $260 million.
The federal government also provides grants or tax credits to cover 30% of the cost of solar installations. SolarCity reported receiving $497.5 million in direct grants from the Treasury Department.
That figure, however, doesn't capture the full value of the government's support.
Nevada has agreed to provide Tesla with $1.3 billion in incentives to help build a massive battery factory near Reno.
(Excerpt) Read more at latimes.com ...
All over the road?
I have never seen even one Tesla on the road.
Either you live in an area where people have a great deal of stupid money or you are exaggerating.
I have seen more Model J Duesenbergs (Two) on the road then I have seen Teslas (zero).
It’s okay if you worship a flake and a fake. But then you are a low informed St Elon Lemming.
The greatest product
Of an Elon Musk venture
Is the subsidy
Well, he’s managed to live his life, so far, without sucking 3 and 1/2 Billion Dollars of taxpayer’s money out of the economy.
I remember the good old days, when Republicans admired men of industry and accomplishment, and Democrats clutched their pearls an lamented the evils of industry. Apparently times have changed. Hows that pearl-clutching suiting you?
Elon Musk is a miner - a miner of public treasuries with which to line his own pockets.
Well then you must live in a cave. I was in Texas this weekend. Saw them everywhere. I live in Ohio. I see them all the time. You need to get out more. Or look them up to see what they look like.
You are certainly one confused old fart.
Sorry Miss; I don’t want to interrupt your pearl clutching about the evil industrialist. I’m sure you can go march or something. Whatever those silly SJWs do.
So, why don't you lay out for us exactly what "connections" Musk has and has used?? Since you're so "knowledgeable" about them. While you're at it, why not do the same for Bill Gates, Steve Jobs, Jeff Bezos, and the rest of the computer era billionaires.
If you like it so much have you personally investing it...or relying on money stolen from taxpayers ?
You are correct/ I read a 2015 account http://www.dailymail.co.uk/sciencetech/article-3038853/SpaceX-lands-rocket-barge-Elon-Musk-confirms-Falcon-landed-hard-survival-groundbreaking-experiment.html
Where it tipped over
Only hindrance to electric drive-train domination is the on-board electric source. Fix that detail...
I remember the good old days, when Republicans admired men of industry and accomplishment, and Democrats clutched their pearls an lamented the evils of industry.
...
Yep. The Musk haters are suffering from cognitive dysfunction that only allows them to see information that supports their hate. They are missing one of the greatest American success stories of all time.
The insurmountable shortcomings of storage batteries, and the unavoidable cessation of operation when the power grid is dead are not dismissable ‘details.’
.
“Cognitive dysfunction” has a functional definition:
Believing you can evacuate in an emergency in an electric car.
.
You a-hole, why are you insulting me? You have sh*t for brains? The high-speed rail is a boondoggle and waste of taxpayer money. I'm merely referring to the idea of the Musk Hyperloop as a better cheaper idea. There are several companies besides Musk's company involved in that, and so far, no government subsidies. Why don't you do some research instead of trying to insult better-educated people like me?
This is your reason for not liking electric cars? Thats the best you can come up with?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.