MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘China Tesla Plant’

Elon Musk Announces China Tesla Plant After Paying Lip Service to Trump’s Trade Campaign

Posted by M. C. Fox on July 11, 2018

Tesla benefits from millions in U.S. government subsidies

A lot of millions.  US taxpayer, how do I screw thee, let me counts the ways, billions.

No more tax payer supplied production subsidies, no more tax payer supplied buyer subsidies. Don’t let the door hit you…

https://www.breitbart.com/tech/2018/07/11/elon-musk-tesla-china-plant-trump-trade/

by Joshua Caplan

…The announcement has raised questions about how the new facility will be paid for. Tesla benefits from millions in U.S. government subsidies and has been burning through billions of dollars as it has struggled to raise the rate of production of its more “affordable” Model 3 car. At the end of the first quarter, the company had just $2.7 billion of cash on its balance sheet. Read the rest of this entry »

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