Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy – IOTW Report

Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy

Thursday, 5 May 2016, 14:45 MJA Uncategorized 9

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NLPC: Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits?  more

9 Comments on Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy

  2. In an engineering sense I think they’re on the right track coming at EVs from the performance side. I’m personally looking forward to owning an electric motorcycle that will blow away ICs, and don’t expect it to be far off.

    What makes no economic or ethical sense is taxing, borrowing, or debasing currency for the gruberment to fund it. When it’s an economic winner it’ll be there. Until then it’s a scam for rich moochers.

  3. Nice. We’re facing imminent bankruptcy. If we do not get our debt under control we’re going to wind up like Cyprus and Greece. And the Kenyan commie is doing this? He is intentionally destroying our economy.

  8. It’s no coincidence that the amount of profit Tesla claims is identical to the amount they have received from taxpayer funded grants, loans, and subsidies.

    After a dozen years in business, Tesla had technically never EARNED a penny! Wow, what a visionary company…government funded and subsidized just like in communist Russia.

    By the way…how did that work out?

  9. Take away all the subsidies and outright gifts from the government and that $35,000 car would be over $60,000.
    Also, do you know what one will be worth in 8 years? Less than Zero because without the subsidies the battery remediation and replacements will be over $20,000. You would have to pay for the battery disposal just to be allowed to give up ownership.
    I got the chance to drive a $104,000 Tesla S (that is the cost after about $45,000 in government help.
    It drove like a decent $50,000 sports car, except you can’t go anywhere with it unless you are willing to wait for hours while it charges every few hundred miles.

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