Tuesday, March 18, 2014

Tesla: Not exactly innocent in the government partiality business « Hot Air

Tesla: Not exactly innocent in the government partiality business « Hot Air: "On its website, Tesla notes a $7,500 federal subsidy for its vehicles, and on February 10 China’s subsidies helped shoot Tesla to a record stock price. Of course, Tesla is hardly alone in receiving assistance from friendly governments. In America, the domestic automakers saw decades of tariffs designed to protect them from Asian and European automakers, plus the 2008 bailout and subsequent harassment of Toyota by Congress. BMW, Toyota, GMAC, Ford, and Chrysler also secretly received billions in Federal Reserve loans."



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