Posted on 06/03/2019 2:46:31 PM PDT by artichokegrower
For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. These sorts of transactions have largely been shrouded in secrecy—until now.
(Excerpt) Read more at finance.yahoo.com ...
What a freaking scam. Nothing is created here. Paper credits shuffled back and forth. Tesla purchasers get subsidized by the government, Tesla gets subsidized by the government and we the taxpayers get hosed. Pull the plug on the electric car subsidy feed trough.
As I’ve said before, Musk’s biggest engineering feats have been separating the smokestack from the coal powered automobile, and separating the cash from the taxpayer’s wallet.
I’m shocked!.........................
As I read it, it’s not just the Government directly subsidizing Tesla, but it is buyers of conventional vehicles that are essentially subsidizing Tesla. It would be interesting for the numbers to be fully transparent - how much of the $40k+ cost of a new truck goes to Tesla?
“John DeLorean” financing?
Related: I know a guy who works for a company that brokers environmental credits. Here’s the way it works. Suppose you own a factory and you want to expand into 10 acres of adjacent wetlands.
Oh noes! Those wetlands are protected. So here’s what you do. You go to a broker. The broker finds someone - maybe a farmer - with 10 acres of land that qualify as wetlands. The farmer agrees to register his 10 acres as protected wetlands. You pay him for doing that.
Now you can expand your factory. It’s all perfectly legal.
How is this new information? I knew years ago Musk made his money on carbon credits.
“It’s all perfectly legal.”
Reminds me of scamming my little Sister when we were kids:
“I’ll give you THREE shiny Pennies for that ONE tarnished Quarter...”
Once she figured it out, she ratted me out to Mom and that was the end of THAT!
Everything in Life seems to be a Shell Game until we FINALLY catch on, doesn’t it? ;)
Hardly a secret.
Investors just didn’t care.
Now they do.
What you said!
“Dave’s not home”
Did you forget the US Taxpayer bailout of the auto industry?
$22,000,000,000,000.00 in debt. The average taxpayers have (and to continue to) take it up the a**.
So carbon offsets...carbon credits like what Gore and Obama and Hitlery wanted to pass.
The taxpayers who fund the government are approximately $22,000,000,000,000.00 in debt. The average taxpayers have (and to continue to) take it up the a**.
Anyone with half a brain knows that Tesla is destined to go belly-up. People are buying into a pipe dream that will turn into a nightmare, sooner rather than later.
“What a freaking scam. “
Yep.
5.56mm
Yep. It’s all a scam and it’s “legal”
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