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The Electric Vehicle Tax Credit and the ITC (solar tax credit) were passed by Democrats. Tesla benefited greatly from both. Tesla also received a massive loan f
by qqqwerty 6y ago
The Electric Vehicle Tax Credit and the ITC (solar tax credit) were passed by Democrats. Tesla benefited greatly from both. Tesla also received a massive loan from Obama's DOE during the great recession, without which it may not have survived. Meanwhile Trump has been doing everything in his power to prop up the dying coal industry, reduce vehicle efficiency requirements, and expand oil and gas drilling. All of these efforts indirectly harm Tesla by benefiting Tesla's competitors.
- xiphias2 6y agoIt's very interesting how Tesla could come out so well from all those policies. Of course the factory in China was crucial...it was a lucky timing that Tesla got the license from China just in time to be productive during and in spite of the pandemic.