It seems that their business model is entirely dependent on government subsidies. So now that wealth is being transferred from general US taxpayers to the shareholders of Tesla.
Considering the $17.4Bn bailout of the conventional US car industry a few years ago it's small change.
Personally I'd be a little more concerned about the $20Bn per year paid in farm subsidies, to an industry with median household incomes 17% higher than the national average, if I were a US citizen. At least the money going into Tesla is buying the US a lead in the future of automotive technology, instead of going towards further impoverishing third world farmers.
Personally I'd be a little more concerned about the $20Bn per year paid in farm subsidies, to an industry with median household incomes 17% higher than the national average, if I were a US citizen. At least the money going into Tesla is buying the US a lead in the future of automotive technology, instead of going towards further impoverishing third world farmers.