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For years, the only way Tesla made money was from government subsidies.
by snotrockets 3y ago
For years, the only way Tesla made money was from government subsidies.
- stetrain 3y agoWell, mostly from other automakers paying Tesla for credits, as mandated by various governments' legislation. But the transactions didn't directly involve government/tax dollars.
- snotrockets 3y agoVegas casinos could also buy credits instead of paying taxes, so there's at least that. And of course, some of those credits were undeserved (remember the battery replacement swindle they pulled?) But even if it was all pure "get other companies work around regulations", those regulations were created to reduce future costs to people, and the public coffers. By subverting them, in spirit, if not in letter, Telsa made profit not just by selling cars, but also by selling our future, something rarely accounted for.