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> Man things have turned quickly on Tesla Hasn't this always been the case? Haven't they always been dependent on credits and subsidies to make a profit? Tesl
by culi 2y ago
> Man things have turned quickly on Tesla
Hasn't this always been the case? Haven't they always been dependent on credits and subsidies to make a profit?
Tesla's received almost $3 billion in state and federal subsidies and half a billion in bailouts[0] (and has more violations[1] than most other companies of its size). Additionally, they regularly engage in probably illegal accounting practices like categorizing automobile warranty expenses as part of the "Goodwill" category rather than the cost of making the vehicle leading to a huge inflation of Tesla's claimed gross margin
[0] https://subsidytracker.goodjobsfirst.org/?parent=tesla-inc https://subsidytracker.goodjobsfirst.org/?parent=tesla-inc
[1] https://violationtracker.goodjobsfirst.org/parent/tesla-inc https://violationtracker.goodjobsfirst.org/parent/tesla-inc