Tesla share crash amid Republican bid to kill off electric car tax break

There's a lot more oil than there is cobalt and it's cheaper.

 

Nope, everyone can afford to shell out $200,000 for a Tesla.

 

Federal subsidies to the purchaser of their products. I am all for state/local governments competing to local factories and businesses in their states be that infrastructure enhancements, educational training, property tax set asides etc. States are in the business of attracting investment and should compete for it.

 

What about Federal Subsidies that aren't state based?

 

....uh...the same can be said for everything. Oil, Cobalt, coal, sunlight....everything.

 

So?

There is one hell of a lot more current sunlight than ancient sunlight (oil) and it is FAR cheaper to get.

 

dodge? pointing out your bias towards corporate subsidies but wholly rejecting end user subsidies? Apparently it isn't the subsidy its how its distributed that upsets you.

 

Is that why it costs more?

 

Financial house of cards with $7 billion in revenues and $3.5 billion in cash? That has D&A of close to a billion? That has first year orders of 455000 cars, plus their energy arm is experiencing 35% quarterly growth and almost 30% gross profit.


BTW,vTelsa's G&A includes selling expenses and all facilities. Your criticism that it is way too high is nonsense.

I agree emotions can lead to bad results but then again, not nearly as many as completely incorrect technological and financial market analysis.

 

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That they cannot figure out how to produce profitably even with the subsidies. And if it IS so popular and going to BE such a big seller ALL the MORE reason to stop sending them taxpayer dollars. You are free to do it in YOUR country stop trying to tell us what we should be doing down here. Easy to make those statements when you don't have a dog in the hunt, heck just have your government take over the subsidies for us why don't you?

 

Tesla, like gm et.al. price their products independently of any purchase subsidy offered by any government.

I agree that the industry has gotten to the point where the subsidies should stop, as does Elon Musk himself.

 

Of course they price them with the ultimate cost to the consumer in mind.

So why don't you petition YOUR government to send them YOUR taxes or you can just voluntarily send them YOUR money, attach a copy of the cancelled check.

 

Except Hydrogen fuel stations would take a massive amount of money to implement.

Every household in America has electricity ready to go.

 

We canadians have a different attitude towards transformative technology and the role of taxation within our society.

https://plugndrive.ca/electric-car-incentives

FULLY ELECTRIC CARS

• BMW i3: Up To $13,000
• Chevrolet BOLT: Up To $14,000
• Ford Focus Electric: Up To $14,000
• Hyundai IONIQ Electric: Up To $14,000
• Kia Soul Electric: Up To $14,000
• Nissan LEAF: Up To $14,000
• smart fortwo Electric: Up To $14,000
• Tesla Model S: Up To $14,000
• Tesla Model X: Up To $14,000
• Volkswagen e-Golf: Up To $14,000

PLUG-IN HYBRID ELECTRIC CARS

• Audi A3 Sportback e-tron: Up to $8,095
• BMW i3 REX: Up To $13,000
• BMW i8: Up To $3,000
• BMW X5 xDrive40e: Up to $8,460
• BMW 330e: Up To $7,730
• BMW 740Le: Up to $3,000
• Ford C-Max Energi: Up To $7,730
• Ford Fusion Energi: Up To $7,730
• Chevrolet VOLT: Up To $14,000
• Chrysler Pacifica PHEV: Up to $14,000
• Hyundai Sonata PHEV: Up To $8,460
• Mercedes-Benz S550E: Up To $3,000
• Porsche Cayenne S E Hybrid: Up To $3,000
• Porsche Panamera S E Hybrid: Up To $3,000
• Volvo XC90 T8 Twin-Engine: Up To $3,000

 

And if that is what you want to then do so, I encourage you to engage in the policies YOU CHOOSE. In fact if I wanted one I think I'd drive up there and buy it and let you pay the subsidy. I may even review my retirement accounts and shift some holdings over to some of these companies so you can subsidize my retire funds,

 

Speak for yourself please (I am half Canadian). Some Canadians have a different attitude on this...not all.
And that list is a little deceptive. That is not for all Canadians...just those who live in Ontario. Some provinces have zero/almost zero rebates on EV's.

BTW, I STRONGLY disagree with them. Most people who buy new EV's are rich/upper middle class. Few are middle class and none are poor.
Yet it is the taxes from these middle class/poor which largely go towards these incentives so the wealthy can have their green toys.
This is blatantly unfair and absurd.
If the well off want a green toy...let them pay for ALL of it themselves...not get those with barely enough to get by to do so as well.

 

just ON, BC, and QC or 75% of the population.

These rebates are to incentivize conversion to a new paradigm of personal transportation thru cost mitigation for early adopters. Its a proven strategy and it seems to be working.

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You truly think you can meander over the border buy a tesla in ontario and apply for a subsidy like a canadian citizen?

that how it works with your state and federal governments? Any idiot can perpetrate a fraud?

 

You said 'Canadians'...you did NOT say '75% of Canadians'. Once again, speak for yourself...not other Canadians.

And is it not wrong to take money from the poor/middle classes and give it to the rich?

Or do you think it is right that the poor/middle classes are giving their tax money to the upper middle classes/rich (when the latter buy these cars)?

Yes or no, please?

 

Yes, TSLA last year had $7B in gross revenue - with net income of -$700M. Big revenue, and big losses. 2015 and 2016 were also bad.

Enron had $101B in revenue the year before it collapsed.

 

You do realize that Tesla has only posted 4 or 5 profitable quarters in their ENTIRE 14 year run?



The more revenues they have, the more money they lose. Why? Because they lose thousands on every car they sell.

http://www.businessinsider.com/r-in...-more-than-4000-on-every-car-sold-2015-8?op=1


The ONLY thing keeping them afloat is a hyped up, stock price that even Musk said was probably over valued.

 

The government should not be picking winners unless we are at ropes end and at war. That creates losers elsewhere.

 

Are you aware of the couple few billion they are investing in their charging networks? in their battery factories? in their production capacity?

you realize it doesn't actually cost $1000\s more to make the cars than they sell them for, don't you?

 

now that is truly lame.

Have you stopped beating your wife? yes or no please.

They say there aren't any stupid questions but here's proof.

 

I have never been married...thank goodness.

Now stop ducking and answer the incredibly simple question:

Do you think it is morally right that the poor/middle classes are giving their tax money to the upper middle classes/rich (when the latter buy these cars)?

Yes or no, please?