Live data from Hacker News

Is California Bailing Out Tesla through the Backdoor?

wolfstreet.com

1–10 of 48 posts

Re: Is California Bailing Out Tesla through the Backdoor?

#3

So if a P100D has the 0 to 60 of an exotic, but all the interior fit and polish of a base trim CLA, taxpayers should... cover the difference in price to a CLA? There has to be something missing here.

Nope, you got it. Small group of people get to decide which products get how much in subsidies, and by extension, which companies get how much taxpayer money. Also, since it's a per-vehicle subsidy, it rewards large companies over small ones. (Not to mention wealthy consumers over poorer ones.)

Re: Is California Bailing Out Tesla through the Backdoor?

#5
Is Tesla in trouble financially? And I mean actual can-no-longer-be-profitable type trouble? That seems an odd call given that they've so far planned pretty comprehensively, and delivered pretty much on their plans, and those plans would have included the existing subsidy ending as soon as they hit higher volumes.

The fact that they're hellbent on hitting those higher volumes ASAP indicates to me that they know they'll still be profitable after the subsidies are gone. In fact, they'll probably gain some advantage from the fact, as the only EV manufacturer operating at any kind of volume, because it will raise the barrier to entry for newer, still-lower-volume manufacturers.

So yeah, nice windfall for Tesla, but 'bailout' seems somewhat loaded.

Re: Is California Bailing Out Tesla through the Backdoor?

#6
post #4

Wow, if they're giving that much away to EV buyers, just think how much they'll hand out to people who walk to work!

yeah as someone that bikes 25 miles per day for commute it kinda bothers me how many tax breaks are given to other forms of commute like trains, buses, vansharing, EV, etc.

Re: Is California Bailing Out Tesla through the Backdoor?

#7
post #4

Wow, if they're giving that much away to EV buyers, just think how much they'll hand out to people who walk to work!

yeah as someone that bikes 25 miles per day for commute it kinda bothers me how many tax breaks are given to other forms of commute like trains, buses, vansharing, EV, etc.

I bike as well and never thought of this. Now, I'll never be able to forget it.

Re: Is California Bailing Out Tesla through the Backdoor?

#8
post #7

Earlier quoted context omitted.

yeah as someone that bikes 25 miles per day for commute it kinda bothers me how many tax breaks are given to other forms of commute like trains, buses, vansharing, EV, etc.

I bike as well and never thought of this. Now, I'll never be able to forget it.

Never really noticed it until I started a new job and they were pitching all these federal and company commuter benefits and didn't see a single one for bikes.

But hey.. my work has a nice locker room that makes biking possible so it's not all bad! I also ride about half the way on bike paths under high voltage lines so I do get some benefits :)

Re: Is California Bailing Out Tesla through the Backdoor?

#9
post #7

Earlier quoted context omitted.

yeah as someone that bikes 25 miles per day for commute it kinda bothers me how many tax breaks are given to other forms of commute like trains, buses, vansharing, EV, etc.

I bike as well and never thought of this. Now, I'll never be able to forget it.

One solution is to simply treat everyone equally and not give anyone a tax break.

I know this is not what most people think, but in the context of good governance, my view is that no (legal) behavior is any more or less meritorious than any other.

Re: Is California Bailing Out Tesla through the Backdoor?

#10
I don't understand why they are singling out Tesla here. There are currently 4 other large volume production EV's being sold in California (Nissan Leaf, Hyundai Ioniq, Chevy Bolt, BMW i3).

EV's make good sense both economically and environmentally for California in the long run, but we still need the tax incentives for the next few years until battery costs come down with new production capacity.

Post reply on HN