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Last I checked, and it's been a few years, the entire wind power industry exists only because of tax credits - their financial structure is designed pretty much

Last I checked, and it's been a few years, the entire wind power industry exists only because of tax credits - their financial structure is designed pretty much entirely around them. Take them away, and there are no new wind farms, which is interesting, because part of the reason that costs are high for wind farms is the scarcity of turbines. The turbines are scarce because the GE's of the world do not want to invest long term capital in an industry propped up by government subsidies... and round and round it goes.

kunle 13y ago
Point about the wind power industry is entirely correct - my goal was simply to put it in context. Many companies (including GE as you mention) are only so profitable by taking advantage of a multitude of tax credits/subsidies and the like. Reference: http://www.nytimes.com/2011/03/25/business/economy/25tax.html?pagewanted=all&_r=0 http://www.nytimes.com/2011/03/25/business/economy/25tax.htm... Several of GE's businesses are propped up by government subsidies. All I'm saying is that GE is not really different - Tesla simply happens to be in a sector that's particularly high profile and politically charged, and its claiming of those things are out in the open.