Originally Posted by JeffKeryk
Gee, I wonder what would happen if oil subsidies were ended?
Oh yeah, Tesla paid back the entire subsidy loan 9 years early...
Tesla is the only American car company to do so.
Those dogs!
In the mean time, today TSLA rose $129, to $780; 20%.
Those dogs!
Depends on what sort of subsidy you're speaking of.
Are you talking energy subsidies
Or are you equating a tax deduction as a subsidy? Ex. Oil companies have access to depletion which is similar to depreciation.
The reality is that oil/gas subsidies however how small or large are passed down to all finished products including TESLA vehicles.
The reality is that without the monstrous tax CREDIT afforded buyers of Tesla cars in combination with public policy TESLA would have died a quick death. The only thing keeping them alive is govt contracts via SPACE-X and that investors assume once the worldwide public policy really takes hold Tesla will be in the best place relative to its competitors. I'm not arguing over the merits of the public policy itself I'm just making a statement of fact.