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by swaginator
745 days ago
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> He continued reaching into the pockets of wealthy people I'd argue he used subsidies from the government, both direct and indirect. Buyers get a tax credit for electric cars. SolarCity received hundreds of millions of dollars in direct grants from different state governments, I believe this all went to Tesla. Tesla's high curb weight causes more damage to roads. Tesla's lack of unionization means that it relies on mistreatment of workers to get its cars made. There are a lot of examples of Musk taking money both directly and indirectly from those who are not in his customer base. I won't argue whether or not Tesla has been a net benefit or not for the USA, but the result of this is that Musk can point to his company's success and marketing to pump the share price-- and he is now attempting to dump it. The sneaky thing about inequality is that a lot of the direct costs are externalized. Musk can still appear "self-made" when he has externalized so many of his costs to the taxpayer and his workers. |
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Those cars wouldn't have been made or bought without those grants, the grants offset the extra cost of electric cars so they didn't put money into anyone's pockets, its just the government investing in getting electrification happen earlier.
Without them that money the profits would just have went to combustion car manufacturers instead like before.