4 ms·

Its really sad that such achievements in Europe always comes from public investments and not private only funds https://ec.europa.eu/commission/presscorner/deta

by fbn79 5y ago

Its really sad that such achievements in Europe always comes from public investments and not private only funds https://ec.europa.eu/commission/presscorner/detail/pt/ip_20_1422 https://ec.europa.eu/commission/presscorner/detail/pt/ip_20_...

sschueller 5y ago
Elon's giga factory benefited from enormous tax breaks which in effect is the same thing.
- jillesvangurp 5y ago
  Government budgets in the US are enormous because a lot of it is used to benefit domestic businesses. Like car manufacturers in Detroit, who were bailed out a couple of times instead of allowing them to go bankrupt. Despite all the help they have gotten over the years, they still seem to be struggling. So, yes, European countries also support their businesses in a similar way. Same with China and Russia. That's just how that stuff works. We're talking trillions here. Getting your hands on some of that is just part of running a business. In Tesla's defense, they have actually been arguing for less subsidies. Right now their biggest issue is that politicians seem to be insisting on subsidizing mainly Tesla competitors (e.g. the before mentioned Detroit based manufacturers) while making a lot of effort to ever name Tesla in their speeches.
wongarsu 5y ago
I was always under the impression that large factories in the US get huge tax rebates for a couple of years or other concessions as a way to encourage the plant to be built there and not in the next state? The EU giving out loans to finance projects that fit their strategic goals doesn't seem any worse than that
elric 5y ago
Would you care to elaborate on why this is sad?
- fbn79 5y ago
  I think this article it's a good summary of what I think. https://babinec.com/2020/10/the-problem-with-public-money-going-to-private-companies/ https://babinec.com/2020/10/the-problem-with-public-money-go...

by fbn79 5y ago

sschueller 5y ago

Elon's giga factory benefited from enormous tax breaks which in effect is the same thing.

jillesvangurp 5y ago
Government budgets in the US are enormous because a lot of it is used to benefit domestic businesses. Like car manufacturers in Detroit, who were bailed out a couple of times instead of allowing them to go bankrupt. Despite all the help they have gotten over the years, they still seem to be struggling. So, yes, European countries also support their businesses in a similar way. Same with China and Russia. That's just how that stuff works. We're talking trillions here. Getting your hands on some of that is just part of running a business. In Tesla's defense, they have actually been arguing for less subsidies. Right now their biggest issue is that politicians seem to be insisting on subsidizing mainly Tesla competitors (e.g. the before mentioned Detroit based manufacturers) while making a lot of effort to ever name Tesla in their speeches.

wongarsu 5y ago

I was always under the impression that large factories in the US get huge tax rebates for a couple of years or other concessions as a way to encourage the plant to be built there and not in the next state? The EU giving out loans to finance projects that fit their strategic goals doesn't seem any worse than that

elric 5y ago

Would you care to elaborate on why this is sad?

fbn79 5y ago
I think this article it's a good summary of what I think. https://babinec.com/2020/10/the-problem-with-public-money-going-to-private-companies/ https://babinec.com/2020/10/the-problem-with-public-money-go...