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Musk: Take away the subsidies. It will only help Tesla

mgiannopoulos 2y ago
Musk: Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!
nimzoLarsen 2y ago
Pretty rich take, coming from the owner of Tesla and SpaceX who have received hundreds of millions in subsidies and preferential loans: https://www.yahoo.com/tech/elon-musks-spacex-tesla-far-170500028.html https://www.yahoo.com/tech/elon-musks-spacex-tesla-far-17050...
- immibis 2y ago
  Standard business practice. Pull the ladder up after you, forming a moat, preventing your competitors from competing, so you can charge monopoly prices. Happens all the time, and as a businessman, you'd be stupid not to do it.
- mgiannopoulos 2y ago
  SpaceX NASA contracts are not subsidies, right?
ZeroGravitas 2y ago
Note he didn't say it would help Americans.
guardianbob 2y ago
… I really can’t wait for the CCP to get tired of Elon
verzali 2y ago
I wonder if he's hoping Trump will stick massive tariffs on foreign competitors and mean he can just take the US market for himself? Though he also seems keen on selling in Europe and China, and he's setting himself up as a prime target for any retaliatory tariffs... maybe it just ketamine after all.
- verdverm 2y ago
  From my understanding, the EV market has slowed in the US because of the price point. There are very few options under $40k. Elon promised us a $25k model but made the Cybertruck instead. US car companies had decided some time ago they wanted to exit the low-end market. So now foreign companies serve that and China is the only one producing EVs in that price range at scale.
  - Zigurd 2y ago
    https://www.coxautoinc.com/market-insights/q2-2024-ev-sales/ https://www.coxautoinc.com/market-insights/q2-2024-ev-sales/ Title: Despite Tesla Slide, EV Sales in Q2 Mark New Record
    - verdverm 2y ago
      300k sales is less than 10% of all sales, so the 11% growth YoY growth is more like a 1% change in the total market A new record does not imply growth has not also slowed

Musk: Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!

Pretty rich take, coming from the owner of Tesla and SpaceX who have received hundreds of millions in subsidies and preferential loans: https://www.yahoo.com/tech/elon-musks-spacex-tesla-far-170500028.html https://www.yahoo.com/tech/elon-musks-spacex-tesla-far-17050...

immibis 2y ago
Standard business practice. Pull the ladder up after you, forming a moat, preventing your competitors from competing, so you can charge monopoly prices. Happens all the time, and as a businessman, you'd be stupid not to do it.
mgiannopoulos 2y ago
SpaceX NASA contracts are not subsidies, right?

ZeroGravitas 2y ago

Note he didn't say it would help Americans.

guardianbob 2y ago

… I really can’t wait for the CCP to get tired of Elon

verzali 2y ago

I wonder if he's hoping Trump will stick massive tariffs on foreign competitors and mean he can just take the US market for himself? Though he also seems keen on selling in Europe and China, and he's setting himself up as a prime target for any retaliatory tariffs... maybe it just ketamine after all.

verdverm 2y ago
From my understanding, the EV market has slowed in the US because of the price point. There are very few options under $40k. Elon promised us a $25k model but made the Cybertruck instead. US car companies had decided some time ago they wanted to exit the low-end market. So now foreign companies serve that and China is the only one producing EVs in that price range at scale.
- Zigurd 2y ago
  https://www.coxautoinc.com/market-insights/q2-2024-ev-sales/ https://www.coxautoinc.com/market-insights/q2-2024-ev-sales/ Title: Despite Tesla Slide, EV Sales in Q2 Mark New Record
  - verdverm 2y ago
    300k sales is less than 10% of all sales, so the 11% growth YoY growth is more like a 1% change in the total market A new record does not imply growth has not also slowed