Tesla Is A Finely Crafted Machine for Sucking Money Out of Taxpayers' Pockets
I have ranted about this before, but the numbers for Tesla subsidies in the third quarter were simply staggering:
Tesla's Main Product Isn't Cars, It's Subsidies
Tesla received $713 million in U.S. subsidies in Q3, compared to its $312 million profit.
That's a pace of $2.8 billion a year. More than half of this starts going away January 1 with the phased expiration of the $7,500 per car subsidy to buyers. I predict that high on the list of Tesla's post-election to-do list will be to lobby what they hope is a Democratic Congress for extension of the expiring subsidies.
