Several billion dollars, from what I remember from the TrueAnon series on Tesla, the tax credits on EVs is basically the only thing keeping Tesla alive, they barely make a profit from selling cars, of which they make very few anyway. They do get tax credits which can then be sold which is worth a lot more. They can sell tax credits for cars “sold” but haven’t delivered (pre-orders, essentially). The kicker is, even if the car is recalled or refunded, the tax credits they sold off for building an electric vehicle doesn’t. They can build shitty and still make money.
The majority of Tesla’s stock price is tied to the US government giving them free money for theoretical cars. Now it’s so big, pension funds buy into Tesla
The biggest problem him before was taxes and the threat of Chinese EVs that perform better and cost half as much flooding the US market
The biggest problem for him now is the low taxes people trying to axe taxpayer funded subsidies for his dipshitmobiles and thinking EVs are woke.
The biggest threat to him in reality is mixing quaaludes and amphetamines to replace sleep so he can yell at Twitter engineers to make Grok talk about Rhodesia and Afrikaners at 3:30 AM
It’s actually kinda wild how more people haven’t paused to ask “hey how come this “”“car company””" that makes fewer than 2 million cars per year is worth more than the next 3 car companies combined, who together make almost 30 million cars a year?"
What does he personally stand to lose from it?
I hope trump reveals the real reason Elon has a black eye in retaliation
Several billion dollars, from what I remember from the TrueAnon series on Tesla, the tax credits on EVs is basically the only thing keeping Tesla alive, they barely make a profit from selling cars, of which they make very few anyway. They do get tax credits which can then be sold which is worth a lot more. They can sell tax credits for cars “sold” but haven’t delivered (pre-orders, essentially). The kicker is, even if the car is recalled or refunded, the tax credits they sold off for building an electric vehicle doesn’t. They can build shitty and still make money.
The majority of Tesla’s stock price is tied to the US government giving them free money for theoretical cars. Now it’s so big, pension funds buy into Tesla
It was pretty stupid of him to so enthusiastically back the anti-environment party from the get go then.
The biggest problem him before was taxes and the threat of Chinese EVs that perform better and cost half as much flooding the US market
The biggest problem for him now is the low taxes people trying to axe taxpayer funded subsidies for his dipshitmobiles and thinking EVs are woke.
The biggest threat to him in reality is mixing quaaludes and amphetamines to replace sleep so he can yell at Twitter engineers to make Grok talk about Rhodesia and Afrikaners at 3:30 AM
What a great system. o7
great system
It’s actually kinda wild how more people haven’t paused to ask “hey how come this “”“car company””" that makes fewer than 2 million cars per year is worth more than the next 3 car companies combined, who together make almost 30 million cars a year?"