The funniest thing about libertarians worshipping @elonmusk is that he's basically the villain from Atlas Shrugged. He makes all his money from government subsidies and contracts, and by wildly exaggerating production to pump up stock prices.
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Our giant auto co competitors have much greater access to incentives than Tesla, which means Tesla has prospered in spite of govt subsidies, not because of them. Tesla mkt cap has *risen* over time as EV incentives declined. How strange …
The government invested more money in Telsa & SpaceX than you, by far. They have no voting shares because you sell off overinflated stocks to keep the public from having a say in your run your publicly funded companies. Subsidies are a drop in the bucket.http://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html …
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That article was pushed as propaganda to counter IMF study showing fossil fuel subsidies to be $5 trillion/year. Even if $4.9B was true, combined market cap of Tesla & SpaceX is $80B. Where did the other $75B come from? Ass
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Jesus dude, market cap isn't what was invested. You put in like $70 million of the money you got from ripping people off with PayPal. The government put in half a billion. If you allowed that money to be vested into shares, they would OWN part of that market cap.
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Even if that was true (it’s not), Musk is doing a better job of running those companies than a board of directors or the mob would. What exactly are you complaining about?
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It is true, and if they're being run so we'll, why haven't they made a profit? Why is losing ~$600mil a quarter considered to be run well? These corps wouldn't be around if it weren't for major help (financial and otherwise) from the govt. I'd want my money back.
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What's the cost of a ULA launch compared to a SpaceX launch again?
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The Los Angeles Times news article is crap. It's just not factual correct. If you get tax break on production / sale - that's not the same as given CASH. If you dont produce and sale nothing, you get nothing. Your argument is just silly.
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If only comics can understand that energy inflation and energy dependency cause the last four recession and lot of money and life wasted on war they will ask to subsidize every tesla and solar installation at 100% to not be at the mercy of an Oil cartel.pic.twitter.com/50WaI0Kpzf
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Some of the largest investors in the stock market are public sector pension funds. So it is quite wrong to say that the public at large doesn’t benefit from the rise in market capitalization of companies. Outright public ownership of companies is a bit of a disaster.
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