5 ms·

You seem to not understand the vast amount of government funding that Tesla has benefited from. It is indeed "government intervention" -- just a different kind.

DaiPlusPlus 3y ago
$7500 tax rebate, baby!
- dopidopHN 3y ago
  Also in the charging station funding.
  - thelastgallon 3y ago
    Tesla built coast-to-coast supercharger network years before any talk of charging station funding. Charging station funding is a subsidy to legacy carmakers, because they don't to spend a penny building charging infrastructure. Let the govt (Us: taxpayers) pay for it. Mary, you electrified the entire auto industry, you led, and it matters (https://www.youtube.com/watch?v=UduPjk9gonw https://www.youtube.com/watch?v=UduPjk9gonw). At the time of this announcement, GM has zero EVs being sold. President Biden shared a video of himself and General Motors CEO Mary Barra while stating that GM and Ford are building more electric vehicles in America than ever before: https://cleantechnica.com/2022/02/02/president-biden-hypes-ford-gm-evs-ignores-teslas-clear-leadership/ https://cleantechnica.com/2022/02/02/president-biden-hypes-f... https://electrek.co/2021/11/18/president-biden-gm-ceo-marry-barra-credit-for-electrifying-entire-auto-industry-wrong/ https://electrek.co/2021/11/18/president-biden-gm-ceo-marry-... It is obvious that Govt hates Tesla, it is never mentioned. All the subsidies are for Ford and GM.
- thelastgallon 3y ago
  Yes, $7500 tax rebate for the 3 and half people that are eligible. The latest version of this rebate has income limits and people within that income are most likely not the people who buy new cars at full price, ICE or EV.
  - kcb 3y ago
    Eh, I think this covers a huge majority of the country...and absolutely already buy $50,000 vehicles. > Adjusted Gross Income Limitations > $300,000 for married couples filing jointly > $225,000 for heads of households > $150,000 for all other filers
kristopolous 3y ago
That's the american way - a highly integrated form of state capitalism that's been given a label "free market" for political expediency. It's all just a 3-card monte game of categories and euphemisms.
- Smoosh 3y ago
  I don't like your post. If I lobby you with a few hundred dollars, would you change it to say how the American Way of free market capitalism is wonderful and fair and not at all a plutocracy?
starik36 3y ago
Not direct funding, but rather tax rebates. These rebates were/are also available to every EV manufacturer here.
- makeitdouble 3y ago
  I think we should give more credit to Musk's political and regulation influencing power. These tax rebates didn't randomly end up in Tesla's pocket. We can bash on him for the mountain of stupid stuff he does, but dancing with the government in highly regulated fields is where he seems to shine.
  - jeromegv 3y ago
    And make his fans believe he’s a champion of free market and a self made man that is fighting big government. We can see it clearly in action in this thread, it’s working on many.
- cma 3y ago
  At the state level they got hundreds of millions for the unviable battery swap demonstration and extremely limited deployment. I think New York gave them a billion subsidy for Buffalo (or maybe spent a billion total on multiple companies?).
- kgermino 3y ago
  Also direct funding, I believe in the form of subsidized loans
  - starik36 3y ago
    Not subsidized, but guaranteed loans. There is a difference. This is a normal practice for up and coming technologies.
- Rebelgecko 3y ago
  Isn't the infrastructure act just straight up cash payments?
refurb 3y ago
That seems irrelevant to the OP point though. The US government funding of Tesla doesn't change the fact that the US government didn't go the EU route of mandating a design early on.
- stetrain 3y ago
  No, but they do have requirements to receive federal funding to build chargers under the recent NEVI program, and that includes using connectors that are non-proprietary.
thelastgallon 3y ago
Tesla took a loan and fully repaid it. Issuance Date: January 2010, Loan fully repaid in May 2013 https://www.energy.gov/lpo/tesla https://www.energy.gov/lpo/tesla
- jeromegv 3y ago
  But it is a government intervention. No banks were willing to give them that loan. Government gave them money when nobody else wanted.
- snotrockets 3y ago
  The loan was subsidized; commercial entities wouldn't give such a loan, hence even when repaid was a cost to the public. The idea, of course, is that this cost is paying by public good, but Tesla mis-stated the truth, and didn't grant back the public good it was supposed to.
- hyperhopper 3y ago
  Tesla got preferential treatment from a government entity and benefitted from public funds. Also the government subsided them by effectively paying a portion of every Tesla sale price for a long while.
  - deleted 3y ago
    [deleted]

DaiPlusPlus 3y ago

$7500 tax rebate, baby!

dopidopHN 3y ago
Also in the charging station funding.
- thelastgallon 3y ago
  Tesla built coast-to-coast supercharger network years before any talk of charging station funding. Charging station funding is a subsidy to legacy carmakers, because they don't to spend a penny building charging infrastructure. Let the govt (Us: taxpayers) pay for it. Mary, you electrified the entire auto industry, you led, and it matters (https://www.youtube.com/watch?v=UduPjk9gonw https://www.youtube.com/watch?v=UduPjk9gonw). At the time of this announcement, GM has zero EVs being sold. President Biden shared a video of himself and General Motors CEO Mary Barra while stating that GM and Ford are building more electric vehicles in America than ever before: https://cleantechnica.com/2022/02/02/president-biden-hypes-ford-gm-evs-ignores-teslas-clear-leadership/ https://cleantechnica.com/2022/02/02/president-biden-hypes-f... https://electrek.co/2021/11/18/president-biden-gm-ceo-marry-barra-credit-for-electrifying-entire-auto-industry-wrong/ https://electrek.co/2021/11/18/president-biden-gm-ceo-marry-... It is obvious that Govt hates Tesla, it is never mentioned. All the subsidies are for Ford and GM.
thelastgallon 3y ago
Yes, $7500 tax rebate for the 3 and half people that are eligible. The latest version of this rebate has income limits and people within that income are most likely not the people who buy new cars at full price, ICE or EV.
- kcb 3y ago
  Eh, I think this covers a huge majority of the country...and absolutely already buy $50,000 vehicles. > Adjusted Gross Income Limitations > $300,000 for married couples filing jointly > $225,000 for heads of households > $150,000 for all other filers

kristopolous 3y ago

That's the american way - a highly integrated form of state capitalism that's been given a label "free market" for political expediency. It's all just a 3-card monte game of categories and euphemisms.

Smoosh 3y ago
I don't like your post. If I lobby you with a few hundred dollars, would you change it to say how the American Way of free market capitalism is wonderful and fair and not at all a plutocracy?

starik36 3y ago

Not direct funding, but rather tax rebates. These rebates were/are also available to every EV manufacturer here.

makeitdouble 3y ago
I think we should give more credit to Musk's political and regulation influencing power. These tax rebates didn't randomly end up in Tesla's pocket. We can bash on him for the mountain of stupid stuff he does, but dancing with the government in highly regulated fields is where he seems to shine.
- jeromegv 3y ago
  And make his fans believe he’s a champion of free market and a self made man that is fighting big government. We can see it clearly in action in this thread, it’s working on many.
cma 3y ago
At the state level they got hundreds of millions for the unviable battery swap demonstration and extremely limited deployment. I think New York gave them a billion subsidy for Buffalo (or maybe spent a billion total on multiple companies?).
kgermino 3y ago
Also direct funding, I believe in the form of subsidized loans
- starik36 3y ago
  Not subsidized, but guaranteed loans. There is a difference. This is a normal practice for up and coming technologies.
Rebelgecko 3y ago
Isn't the infrastructure act just straight up cash payments?

refurb 3y ago

That seems irrelevant to the OP point though. The US government funding of Tesla doesn't change the fact that the US government didn't go the EU route of mandating a design early on.

stetrain 3y ago
No, but they do have requirements to receive federal funding to build chargers under the recent NEVI program, and that includes using connectors that are non-proprietary.

thelastgallon 3y ago

Tesla took a loan and fully repaid it. Issuance Date: January 2010, Loan fully repaid in May 2013 https://www.energy.gov/lpo/tesla https://www.energy.gov/lpo/tesla

jeromegv 3y ago
But it is a government intervention. No banks were willing to give them that loan. Government gave them money when nobody else wanted.
snotrockets 3y ago
The loan was subsidized; commercial entities wouldn't give such a loan, hence even when repaid was a cost to the public. The idea, of course, is that this cost is paying by public good, but Tesla mis-stated the truth, and didn't grant back the public good it was supposed to.
hyperhopper 3y ago
Tesla got preferential treatment from a government entity and benefitted from public funds. Also the government subsided them by effectively paying a portion of every Tesla sale price for a long while.
- deleted 3y ago
  [deleted]