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hmm....didn't Tesla do this via subsidy from government? The funds definitely didn't come from revenue of cars sold. We can see the clear chicken / egg challeng
by hunglee2 4y ago
hmm....didn't Tesla do this via subsidy from government? The funds definitely didn't come from revenue of cars sold. We can see the clear chicken / egg challenge with EV - no one is going to buy a car if they can't reliably move it. State intervention is not a bad thing, 'free' market is not necessarily a bad thing
- toomuchtodo 4y agoNo, the billion dollars for the global Supercharger network came out of their own revenue. They only consider opening the network to non Teslas where required by law (EU) or where gov subsidies are provided (which is rare).
- hunglee2 4y agothanks - appreciate the correction!
- toomuchtodo 4y agoI surface it only to highlight that these critical pieces of infrastructure don’t get built or paid for magically. Someone had to eat the cost and time. Electrify America only built theirs because the US gov required it as part of the Dieselgate settlement. https://www.cnbc.com/2019/05/10/vws-2-billion-penalty-for-diesel-scam-builds-ev-charging-network-across-us.html https://www.cnbc.com/2019/05/10/vws-2-billion-penalty-for-di... This is not to say Tesla is without fault, it is to say if you want to build and sell EVs you should have to contribute to the shared capital costs instead of spending that revenue on share buybacks or other shareholder enrichment mechanisms.