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(Washington Post)   Is Obama helping to create a Tesla bubble? Well, is he?   ( washingtonpost.com) divider line
    More: Scary, President Obama, economic bubble, California Air Resources Board, mass market, market value, Elon Musk  
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9256 clicks; posted to Main » on 17 May 2013 at 9:14 AM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-05-17 09:34:20 AM  
2 votes:
So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?
2013-05-17 09:19:08 AM  
2 votes:
That would require that Obama actually knows what his administration is doing.  Based on recent history I'd say the answer is no.
2013-05-17 04:49:37 PM  
1 vote:

BolshyGreatYarblocks: Pictured: Subby

[img.scoop.it image 434x521]

Actually, Edison loved electric cars and maintained several of them, even after Henry Ford started giving him free gas cars.

The problem was that Edison wasn't clever enough to even consider trying to invent a new type of battery, which meant his EVs were slow and heavy, though they worked fine to get him to and from his lab.
2013-05-17 10:06:06 AM  
1 vote:
The garage to my local grocery installed about 5 of those plugin stations a year ago. They've gone from standing empty, to being occasionally occupied, to being mostly occupied, to a warzone.  Amusing to watch, but it's just a matter of time before a Tesla owner nails a kid drag-racing to the one of the spots. Meanwhile requests for bike racks at the store have been rejected for, I don't know, the last five or six years.
2013-05-17 10:03:21 AM  
1 vote:

jelloslug: If Tesla can pull off the $30k car they are developing they will be rolling in money.

Good luck. It took Toyota years to manage that with the Prius, and that was with a huge amount of government help. GM hasn't managed it yet with the Volt (still a loss-leader). And both of them could exploit component part economies of scale.
2013-05-17 10:00:50 AM  
1 vote:

jelloslug: If Tesla can pull off the $30k car they are developing they will be rolling in money.

That is the KEY right there if they can develop a car for that price and gives you a range of 300 miles it will be a great success. If they can then some other large corporation(GM,Ford,Toyota) will just buy them which is great for the investors.
2013-05-17 09:59:39 AM  
1 vote:

Ordinary Genius: Every time I plug it in I can give a finger to OPEC

Uh.... Hang on, are you saying this because you don't have to pay for gasoline or because you think the electricity that comes out of your wall is provided by magic elves?
2013-05-17 09:57:12 AM  
1 vote:
My boss has a Model S.  Not only is it a great electric car, it's a great car period.  You have companies like Coda and FIsker that concentrate on the drivetrain and make the rest of the car as an afterthought  and look at where they are at now.  If Tesla can pull off the $30k car they are developing they will be rolling in money.
2013-05-17 09:35:51 AM  
1 vote:

The last time gas got super flipping ridiculous (which was late summer 2005ish if I recall) there was a massive outcry for vehicles that depended less on oil. Over the course of the next four years, gas prices moderated, so of course everyone kind of forgot about it and went back to business as usual, but the Obama administration continued to push to create incentives for auto makers to develop new vehicles.

Existing auto makers, of course, were in bed with the oil companies and refused to do so until that whole bailout thing. Elon Musk had the foresight to look at the incentive programs that were available and use those to offset the R&D work needed to make EV's a reality.

Now its looking like he'll end up having been the visionary and will come out pretty well financially for it. His company has reaped the benefits of selling ZEV credits and developing battery pack technology to license to other auto mfr'ers, yes, the ones who were balking on that for a long time, benefitting by being bed partners with the oil companies and doing their bidding.

When the subsidies go away, Musk will have a company selling very desirable high end vehicles that people will actually pay for, and all of his R&D work to develop them will have been subsidized by the government.

Sounds like shrewd business to me and not something to be butthurted about.
2013-05-17 09:26:57 AM  
1 vote:
This "article" reads like it was written by someone who got screwed shorting TSLA at $27 a share.
2013-05-17 09:19:51 AM  
1 vote:

cygnusx13: I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.

Easier to ask for forgiveness than for permission?
2013-05-17 09:18:02 AM  
1 vote:
I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.

They are badass machines.
2013-05-17 09:17:35 AM  
1 vote:
I misread and thought it said Obama was helping to create a tele tubbie...
2013-05-17 09:17:31 AM  
1 vote:
Doubt it. The new model S is pretty hype, and far cheaper than previous years.
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