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Tesla reports great Q3 results, expects to be cash flow positive by Q4

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Re: Tesla reports great Q3 results, expects to be cash flow positive by Q4

#6

Great news. Its interesting how in some political ads I've been seeing, a politician is 'called out' for supporting funding for companies like Tesla specifically.

There's this idea floating around that governments shouldn't support businesses. I guess there is nuance in that some might say: government should support business sectors, but not specifics businesses over others.

Anyway it's an odd argument when we look at the history of the country where governments and specific companies often worked hand in hand and continue to do so in so many areas.

Many argue that the American government ought to be more aggressive about being pro-business, as our friends abroad are. E.g. if the Taiwanese, Israelis, Chinese, etc have very strong government-private partnerships (e.g. subsidies for engineering jobs, or green-lighting through regulatory processes, or access to cheap capital) then the US competitors have trouble competing. What I find so odd is the same camp that often says the US needs to be more pro-business, is often, as you describe, against government support of American business!

Re: Tesla reports great Q3 results, expects to be cash flow positive by Q4

#7

Great news. Its interesting how in some political ads I've been seeing, a politician is 'called out' for supporting funding for companies like Tesla specifically.

Maybe it's also worth noting that many Americans are threatened by the success of Tesla, and they happen to reside in swing states.

Ultimately Tesla, if it really does continue to grow, will need to build factories in the traditional manufacturing states if it wants to gain the political traction the automotive sector enjoys.

Re: Tesla reports great Q3 results, expects to be cash flow positive by Q4

#8
post #6

Great news. Its interesting how in some political ads I've been seeing, a politician is 'called out' for supporting funding for companies like Tesla specifically.

There's this idea floating around that governments shouldn't support businesses. I guess there is nuance in that some might say: government should support business sectors, but not specifics businesses over others. Anyway it's an odd argument when we look at the history of the country where governments and specific companies often worked hand in hand and continue to do so in so many areas. Many argue that the America…

There's a difference between being pro-business and pro-market.

Historically, industrial policy doesn't have a terrific track record.

Re: Tesla reports great Q3 results, expects to be cash flow positive by Q4

#9
post #6

Great news. Its interesting how in some political ads I've been seeing, a politician is 'called out' for supporting funding for companies like Tesla specifically.

There's this idea floating around that governments shouldn't support businesses. I guess there is nuance in that some might say: government should support business sectors, but not specifics businesses over others. Anyway it's an odd argument when we look at the history of the country where governments and specific companies often worked hand in hand and continue to do so in so many areas. Many argue that the America…

Just because other countries are corruptly sponsoring businesses to line the pockets of politicians doesn't mean we should be doing that in America. There needs to be an ideological line drawn that says we will _not_ pick winners in a market, and we will _not_ protect failing businesses. That means large and small companies get the same levels of "support" from the government, none. Once you stop doing that you end up with a fascist co-mingling of government and industry ( kinda like we have now )

Re: Tesla reports great Q3 results, expects to be cash flow positive by Q4

#10
post #9
post #6

Earlier quoted context omitted.

There's this idea floating around that governments shouldn't support businesses. I guess there is nuance in that some might say: government should support business sectors, but not specifics businesses over others. Anyway it's an odd argument when we look at the history of the country where governments and specific companies often worked hand in hand and continue to do so in so many areas. Many argue that the America…

Just because other countries are corruptly sponsoring businesses to line the pockets of politicians doesn't mean we should be doing that in America. There needs to be an ideological line drawn that says we will _not_ pick winners in a market, and we will _not_ protect failing businesses. That means large and small companies get the same levels of "support" from the government, none. Once you stop doing that you end u…

Yes! We should do things based on ideology! Not results! Not empiricism! Instead: principles and handwaving.

Singapore proved that heavy government subsidization of research can pay enormous dividends in economic growth. Other countries are having tremendous success doing the same.

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