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Tons of industries and companies get huge boosts from the government, and that's true for all the other EV manufacturers as well. You said Tesla gets "Virtuall
by DoesntMatter22 1y ago
Tons of industries and companies get huge boosts from the government, and that's true for all the other EV manufacturers as well.
You said Tesla gets "Virtually all their profits" from regulatory credits. Tesla has made 45 billion in profit since 2021. Even if they took in 10 billion in regulatory credits that is less than 1/4th of their profit just since 2021. So not exactly a truthful statement when you say "Virtually all their profits"
- TheAlchemist 1y agoThat's why I said 'direct and indirect'. Tesla benefited hugely from subsides for buying electric cars (I'm not disputing whether it's just or not - they were the only real ev maker in the US until recently) and those are getting cut off very soon. Let's see how profitable their car sales are in Q4.
- DoesntMatter22 1y agoNo question they benefited from it, they wouldn't have grown nearly as quickly. Regardless though your statement that virtually all their profit being from subsidies is just factually incorrect. I definitely think it will hurt US sales somewhat, however it's going to drive the other EV makers in the US into the tank. Most are still hemorrhaging money on their EV's. Tesla can just drop their production amount if sales fall off. The US market is less than half their sales. We shall see.