The idea of the government subsidizing car manufacturing is for the companies to artificially make the price low so the cars can be distributed.
Tesla didn’t do that.
They charged prices that they would make a profit, pretending they weren’t being given over $100billion for free, then Elon got the shareholders to pay out the extra to him in a bonus.
It was a direct transfer of tens of billions of taxpayer dollars into stock buybacks for the richest man in the world.
Man fuck Elon but batteries only just got affordable enough to make EVs cost competitive.
Back then you basically had to sell a luxury/sports car to have enough wiggle room to justify the price.
Batteries are the entire story of EVs
The idea of the government subsidizing car manufacturing is for the companies to artificially make the price low so the cars can be distributed.
Tesla didn’t do that.
They charged prices that they would make a profit, pretending they weren’t being given over $100billion for free, then Elon got the shareholders to pay out the extra to him in a bonus.
It was a direct transfer of tens of billions of taxpayer dollars into stock buybacks for the richest man in the world.