Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Those subsidies are exclusively available only to Elon's companies?
Come on, he's a massive douche; but Tesla/SpaceX are in the same market as all their competitors. They're not special, they just chose to do things others weren't. Why didn't GM build BEVs sooner to suck up all those subsidies? Why didn't ULA land their boosters to reduce launch costs and secure more launch contacts and grants?
All I am saying is that he built Tesla and SpaceX with government (taxpayer) money.
And that's a bad thing? Isn't the entire purpose of that government money to spur development? Seems like it is working as intended then?
There's no shortage of reasons to hate Elon, but using government subsidies for their intended purpose seems like a strange one.
Yes it's bad. Competing for market share should be balanced and free of government intervention. How does a company (small or large) hope to compete against a company that is being subsidised.
Tesla can then undercut their competitors as they don't need to make a profit. They're subsidiesed.
Then the government has also imposed regulations for car manufacturers, that if they don't sell enough EVs in the year, they have to pay a penalty by buying carbon credits.
Well Tesla sells those carbon credits. So they can undercut their competition, entice consumers with lower prices and recoup the losses through subsidies and selling these credits. All thanks to government intervention.
Basically screwing competition and screwing you. As these have knock on effects.