“So then why does he need 465 million of my tax money?”
Why do any of the big companies need tax money (or tax breaks)? Don’t I recall that GE paid no taxes last year? As I said, they game the system.
It look as though, unlike Solyndra and the other bad loans, Tesla will pay the loan back - and ahead of schedule.
http://www.teslamotors.com/blog/update-elon-musk
“Further, there is absolutely zero proof that any electric car program will be profitable at any point in the future.”
There is never any “proof” that something will happen in the future. Some possibilities are more likely than others, though.
“Especially if common sense wins out and government teet money dries up.
Right now, the only thing keeping electric car makers going is government teet money.”
I expect you mean “teat” money.
I don’t think you’re right about profitability though. Right now 13,000 people have put money down on Tesla vehicles. That works out to a cool $1.3 billion worth of vehicles. Other than charge time, you wouldn’t be giving up much over a regular sports car. The top of the line model does 0-60 MPH in 4.4 seconds, and has a range of around 300 miles. The cost for a charge is about $17 in LA, which has higher than average electricity prices. The cost to go the same distance in a 30 MPG car would be about double that.
Electric cars will make more and more sense as the technology improves. Personally, I could like a nuclear powered car (via nuclear generated electricity).
www.teslamotors.com
“www.teslamotors.com”
From your promoting them, I take it that you work for them and thus have a vested interest in keeping the government pork flowing to the company.
You might actually be able to find some idiots that are also true believers in electric fantasy cars.
Fact remains, electric cars will not be profitable at all.
Fact remains, Musk is a big Obama fan.
Fact remains, Musk is big on getting government funds and not using his own money in calculated risk.
Fact remains, GE is a good example of cronyism, recall their massive donations and buddyism with Obama?
“Tesla will pay the loan back - and ahead of schedule.”
Doubt that.
Just like GM “paid back” their bailout loan, right?
[They haven’t by the way.]
“There is never any “proof” that something will happen in the future. Some possibilities are more likely than others, though.”
Funny, you said it is a fact, from your post 34: “The fact is, though, that Tesla may very well eventually be profitable. “
It is not.
So are you habitually a liar or just intellectually dishonest to a fault?