deonb
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deonb
The car thing is looking more and more disgraceful too, with the majority of the government money going to build the race car version of his toys for his rich friends and massive losses coming and production problems forming on the “everyday person” version of the cars now that he’s leveraged his way into the car biz with taxpayer money.
Oh, pipe down (I mean that politely) - he paid that back a long time ago. And it was only $500m. I say "Only" because FCA at the same time borrowed/federal loan guaranteed $17b, GM borrowed $50b, and Ford borrowed $27b.
Unless you're talking about the EV tax deduction that's available to customers (not Tesla)?
I don't agree with that tax deduction either, but Elon didn't ask for it, and did not depend on it. Tesla exports half its vehicles to territories without the Federal subsidy, and even the Tesla's that were sold under it here was too high value for it to move the needle for most people (< 5% of value). It will make a bigger difference for the cheaper ones, but they won't be eligible for it soon anymore. The Tesla business plan predates the federal subsidies by several years - it's not like Elon formed a company just to see how to best make use of it.
And it's available to all other manufacturers as well, and they/their customers are all going to use every last cent of it. Again, nothing to do with Elon.
If you really want to complain to someone, complain to Bush's economic advisers that came up with this initially. Which IIRC was calculated as to how much Federal Subsidy equivalent was given to a gasoline vehicle over a 20 year lifespan, and then they applied the same value to EV's (but only the first 200k per manufactuer). Two wrongs trying to make a right I guess.
You can't really blame Elon for this whole mess. He has long advocated for the government not subsidizing ANYTHING - he's fine going without subsidies himself as long as the government stops subsidizing all other competing technologies as well. I think this is a fine idea. (And I especially mean that after just coming back from another 2 hour trip to go buy some ethanol-free gas for my generators...

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