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2017-06-01 Home Front: Politix

Tesla CEO threatens to quit Trump biz council if US leaves Paris deal

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Posted by Besoeker 2017-06-01 02:43|| || Front Page|| [4 views ] Top

#1 Don't let the door...

Posted by g(r)omgoru 2017-06-01 02:54|| 2017-06-01 02:54|| Front Page Top

#2 Let's see how good an entrepreneur he is when the Trump admin takes away the taxpayer paid $7500/electric car subsidy and the 30% solar subsidy. That's not counting state and local subsidies (I'm looking at you California who doesn't have the infrastructure to support mass produced electric cars).

Posted by Flineting Gleaper2936 2017-06-01 03:19|| 2017-06-01 03:19|| Front Page Top

#3 Tesla and Its Subsidies
Less well-known are the hidden subsidies that flow directly to Tesla, thanks to “zero-emission vehicle” (ZEV) credits. ZEV credits are a mandate dreamed up by the bureaucrats at the California Air Resources Board (CARB), which requires manufacturers to build and dealers to sell an arbitrary number of “zero-emission” vehicles each year. (Note that these vehicles are actually “zero-emission” only in the unlikely event that the electricity used by the car comes from a zero-emission source — which, of course, would also be heavily subsidized.)

Tesla’s Model S generates four credits per unit sold. This means the company can sell $20,000 in ZEV credits to other manufacturers for each Model S sold — a cost borne by purchasers of other cars.

And that amount used to be even higher. Because ZEV law is so arcane, Tesla was able to game the system for additional credits; for example, it was able to generate an additional three credits per vehicle when it demonstrated to CARB that its batteries could theoretically be rapidly swapped. But in fact the battery-swapping pilot program is more than a year late getting started. Nonetheless, those extra credits netted the company an additional $15,000 per car sold — and the company is now trying to get them reinstated.

In 2013, ZEV credits to Tesla totaled $129.8 million — to a company that lost $61.3 million for the year on its actual manufacturing and selling operations.

In 2014, Nevada lavished the company with one of the biggest corporate-welfare packages in history: In exchange for building a battery-manufacturing facility near Reno, Tesla will pay no payroll or property taxes for ten years and no sales taxes for 20 years, and will receive $195 million in cash via “transferable tax credits,” which can be sold to other companies to satisfy their Nevada tax bills. All of this amounts to a $1.3 billion giveaway.

Posted by Flineting Gleaper2936 2017-06-01 03:25|| 2017-06-01 03:25|| Front Page Top

#4 Tesla Is Hemorrhaging Money Despite Billions In Gov’t Subsidies
Liberal entrepreneur Elon Musk’s business ventures have benefited from nearly $5 billion in government subsidies in the past few years, but apparently that’s not enough taxpayer support to stop his electric car business from losing $4,000 on every vehicle it sells.

Posted by Flineting Gleaper2936 2017-06-01 03:32|| 2017-06-01 03:32|| Front Page Top

#5 Well, bye.

Posted by DarthVader 2017-06-01 08:12|| 2017-06-01 08:12|| Front Page Top

#6 And his ugly girlfriend.

Posted by Skidmark 2017-06-01 09:31|| 2017-06-01 09:31|| Front Page Top

#7 Pack up your company (ies) and move to one of your preferred locations.

I'm sure Germany or France or Italy would be glad to pay your subsidies and give you tax breaks too, no?

Posted by AlanC 2017-06-01 12:29|| 2017-06-01 12:29|| Front Page Top

#8 Buh bye!

Posted by warthogswife 2017-06-01 12:31|| 2017-06-01 12:31|| Front Page Top

#9 It simply *amazes* me how many grown adults buy into the "settled science" of global warming.

I get it that some PRETEND to buy into it--those people are being handed checks and/or power to do so.

But so many Joe-&-Mary Sixpack types buy into this nonsense as well, and they get NOTHING from such foolishness but higher taxes and higher consumer prices.

Posted by Crusader 2017-06-01 13:19|| 2017-06-01 13:19|| Front Page Top

#10 It simply *amazes* me how many grown adults buy into the "settled science" of global warming.

He buys into nothing - the man sells electric cars.

Posted by g(r)omgoru 2017-06-01 13:50|| 2017-06-01 13:50|| Front Page Top

#11 There are those who stand to profit heavily from regulations, and then there are those who believe the bait isn't bait.

Posted by swksvolFF 2017-06-01 14:51|| 2017-06-01 14:51|| Front Page Top

#12 Who cares whether he leaves?

Posted by JohnQC 2017-06-01 15:45|| 2017-06-01 15:45|| Front Page Top

#13 Lexcorp CEO threatens to quit... oh, hold on. Elon isn't *nearly* as good of a supervillain as Lex Luthor. One crumby boring machine does not an Injustice Society member make.

Posted by Secret Master 2017-06-01 16:00|| 2017-06-01 16:00|| Front Page Top

#14 So he is in on the take.

Faker.

Posted by newc 2017-06-01 16:17|| 2017-06-01 16:17|| Front Page Top

#15 He is afraid if the global warming scam dries up his subsidies are next. Transparent.

Posted by rjschwarz 2017-06-01 19:20|| 2017-06-01 19:20|| Front Page Top

#16 A man of his own. He even went against Ivanka's stand on this issue.

Posted by Omutch Omiger2935 2017-06-01 22:59|| 2017-06-01 22:59|| Front Page Top

23:39 Crusader
23:10 Glenmore
22:59 Omutch Omiger2935
22:49 Skidmark
22:02 Seeking cure for ignorance
21:58 Zenobia Floger6220
21:56 Seeking cure for ignorance
21:17 JohnQC
21:12 JohnQC
21:07 SteveS
21:06 JohnQC
20:59 JohnQC
20:21 Zenobia Floger6220
19:43 Silentbrick
19:42 NoMoreBS
19:38 phil_b
19:29 Whitch Turkeyneck3879
19:25 rjschwarz
19:20 rjschwarz
19:18 rjschwarz
19:05 NoMoreBS
18:56 charger
18:53 charger
18:50 charger