ShootSpeeders
Gold Member
- May 13, 2012
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I've always thought of Musk as one of the few "good immigrants" who has brains and can help america, but maybe he's just another crook.
The King Of Crony Capitalism | Zero Hedge
may 7 2016 If Elon Muskās various projects are so Iron Man fabulous, why do they all need so much government āhelpā? Shouldnāt Tesla ā and Solar City and SpaceX ā be able to stand on their meritsā¦ if they actually have merit?
On the manufacturing end, Tesla got $1.3 billion in special crony-capitalist āincentivesā from the state of Nevada to build its battery factory there. This includes an exemption from having to pay any property taxes (unlike you and I) for the next 20 years. Another inducement was $195 million in transferable tax credits ā which Tesla could sell for cash.
California provides similar inducements ā including $15 million from the state of California to ācreate jobsā in the state.
Tesla does not make money by selling cars, either.
It makes money by selling ācarbon creditsā to real car companies that make functionally and economically viable vehicles that can and do sell on the merits ā but which are not āzero emissionsā vehicles, as the electric Tesla is claimed to be (but isnāt, actually, unless you donāt count the emissions produced by the utility plants that provide the electricity they run on, or the emissions produced mining the materials necessary to make the hundreds of pounds of batteries needed by each car).