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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 prof
by 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.