MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Elon Musk’

How Desperate Is Elon? – EPautos – Libertarian Car Talk

Posted by M. C. Fox on August 19, 2018

It is that (Obama inspired in this case) central planning thing again.

He has singlehandedly perverted the market for electric cars – which aren’t an intrinsically stupid idea – by stupidly building them to be high-performance and luxurious, which has made them much too expensive to be anything other than low-volume indulgences for the virtue-signaling affluent. And – because of the Lemming Effect – steered almost every other car manufacturer in the same stupid direction.

https://www.ericpetersautos.com/2018/08/17/how-desperate-is-elon/

By eric

Elon can’t sell his cars – so he is suing to make people buy them.

Or at least, suing to compel the government to keep on paying people to buy them – if that distinction amounts to any meaningful difference.

Canada had a law – like the one in the U.S. – which greatly subsidized the individual purchase of Teslas and other electric cars via rebates bestowed upon those who did buy them. These purchaser subsidies amounted to several thousand dollars each, and worth a lot more to Tesla, et al, since without them the incentive to buy an electric car dims considerably.

When the subsidies dried up in Denmark, so did Tesla’s sales – by 94 percent. That’s not a typo. With the subsidy in place, 2,738 Teslas were sold in 2015. With the subsidies gone, 176 Teslas were sold the following year…

Read the rest of this entry »

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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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Elon Musk: ‘I Am a Socialist’

Posted by M. C. Fox on June 18, 2018

Definition of socialism

You decide.

http://www.breitbart.com/california/2018/06/17/elon-musk-i-am-a-socialist/

by Joel B. Pollak

Tesla CEO and PayPal billionaire Elon Musk surprised many Friday when he declared on Twitter that he is a socialist. Conservative critics, however, may well have agreed, given his companies’ reliance on the state… Read the rest of this entry »

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Elon Needs More Money (Again) – EPautos – Libertarian Car Talk

Posted by M. C. Fox on June 17, 2018

This is the same Elon Musk that has the rocket company doing what NASA can’t. I don’t know where he gets his rocket company money. Probably a lot comes from you and me. I think we need a (sort of) private rocket company that actually makes something we need.

Musk should knock the electric car on the head go full tilt into the rocket bizz. Maybe then we have a chance on catching up with the Ruskies.

https://www.ericpetersautos.com/2018/06/14/elon-needs-more-money/

by Eric

Last month, I wrote about Tesla CEO Elon Musk’s contemptuous and breezy dismissal of questions asked by financial analysts about the cashflow situation at Tesla. Would the company need yet another infusion of money to remain afloat? Lame! Next question.

That was Musk’s response.

As it turns out, it’s Tesla that’s lame.  The company – Musk – just laid off several thousand employees, about 9 percent of its workforce – which is one way to raise cash (by not spending it on worker salaries) when you don’t want to admit you need another infusion from investors – or realize you might not be able to get one because those investors are becoming gun-shy about giving money to Elon. Read the rest of this entry »

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Capitalism has new rules. And they’re seriously messed up. | The Daily Bell

Posted by M. C. Fox on May 6, 2018

And New Rule #1 is: Businesses no longer need to make money.

Classic example easy cash via the Fed. Easy money+stupid government inspired programs=YOUR money down the drain.

The government subsidizes Tesla production otherwise it is economically unfeasible. The government provides rebates for Tesla buyers because otherwise they are economically unfeasible.

Tesla has production problems. No probs, there is more easy out there for investment.

Tesla is a bridge to nowhere on steroids.

Banksters and government (sorry, I repeat myself) are pushing for a cashless society.

Cash in your pocket is not part of the plan. The only wallet for digital dollars is a bank computer. Banks will charge you to keep your digits and there is nothing you will be able to do about it. Banksters/government can play there digital games to make money from your money then charge you for it. That is what ‘negative interest’ is all about.

Ron and Rand Paul want to end the Fed.

They want to keep government and banksters out of your business and your life.

Yes, you should have voted for Ron Paul and there is no substitute on the horizon.

http://www.thedailybell.com/news-analysis/capitalism-has-new-rules-and-theyre-seriously-messed-up/

It was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.

And on Wednesday afternoon, Tesla held its first corporate earnings call since then.

You’d think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders’ trust in him has been well-placed.

Instead the call was filled with contempt and disrespect, with Elon outright refusing to answer questions that he deemed ‘boring’.

Bear in mind, Tesla’s financial results were gruesome; the company burned through yet another $1.1 billion in cash last quarter. That’s 70% worse than in the same period last year. Read the rest of this entry »

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The Udder Runs Dry? – EPautos – Libertarian Car Talk

Posted by M. C. Fox on November 16, 2017

Robbing taxpayer’s so billionaires like Musk can get free money has to stop. The problem is people aren’t buying the total electric car propaganda. A hybrid is the practical option.

https://www.ericpetersautos.com/2017/11/15/udder-runs-dry/

 The not-so-poor-anymore are entitled to eat the same food as the taxpayers who – as a result of this – can no longer afford to eat as well themselves. Similarly, the guy who is saving up to pay for the front-end work his eight-year-old Camry needs hasn’t got the money for the repairs because that money was taken out of his hide to “help” put a San Francisco Snowflake into a $40,000 Tesla.


Be seeing you

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Delingpole: Renewmaggedon – Solar, Wind Industries Dying as Subsidies Dry Up…

Posted by M. C. Fox on July 19, 2017

http://www.breitbart.com/big-government/2017/07/19/delingpole-renewmaggedon-solar-wind-industries-dying-as-subsidies-dry-up/

Yes. That’s right. Slowly, deliciously, like a leech starved of blood, the renewable energy industry is withering away and dying. It can only survive through government enforced subsidies or bribe-incentives. Once those dry up, so does its trade.

The jobs aren’t productive ones, the businesses are an ugly manifestation of crony capitalism, and the investors should have realized that in finance there’s no such thing as a one way bet. And in any case the victims of the renewable energy industry’s ongoing collapse will be far outnumbered by the victors. Renewables are, and always have been, a scam perpetrated by the few against the many. Read the rest of this entry »

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Elon’s Carbon Con (Elections Have Consequences, Part Deux) – EPautos – Libertarian Car Talk

Posted by M. C. Fox on January 30, 2017

http://ericpetersautos.com/2017/01/28/elons-carbon-con-elections-consequences-part-deux/

Here is how Elon Musk makes his money. Just like everyone else in the green energy business. Carbon tax and government subsidy. A below the belt one-two punch to the taxpayer’s wallet.

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