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==Here's what will 100% not work -- Activism or Trying to 'Policy' out of your way of Climate Change problems.== Capitalism and Free Market are solutions today
by long_time_gone 5y ago
==Here's what will 100% not work -- Activism or Trying to 'Policy' out of your way of Climate Change problems.==
Capitalism and Free Market are solutions today exactly because we have aligned our "policy" to make clean energy more attractive to capitalists. People quickly forget policies like the American Recovery and Reinvestment Act of 2009 [1] which invested $80 billion in clean energy. Tesla might not exist today if the DOE didn't loan them $465 million as part of the Energy Independence and Security Act of 2007 [2].
[1] https://obamawhitehouse.archives.gov/the-press-office/2016/02/25/fact-sheet-recovery-act-made-largest-single-investment-clean-energy https://obamawhitehouse.archives.gov/the-press-office/2016/0...
[2] https://www.cnbc.com/id/100759230 https://www.cnbc.com/id/100759230
- deltree7 5y agoIt's delusional to think Tesla wouldn't have existed without government help. Tesla took a cheap government loan when it was available. Do you really think, Musk wouldn't have raised the piddly $500 Million from on his multiple silicon valley buddies? (including Thiel, Page)?
- long_time_gone 5y agoThe $465 million loan was given in April 2010. Tesla IPO'd in in June 2010 at a $1.7 billion valuation [1]. Maybe someone else would have given them the low-interest loan, we'll never know. We do know that this loan and the government subsidized EV tax credits helped them weather some very rough cashflow years. [1] https://www.barrons.com/articles/tesla-10-anniversary-ipo-electric-vehicles-elon-musk-51593437846 https://www.barrons.com/articles/tesla-10-anniversary-ipo-el...