NEW: @joerogan says the establishment is "terrified" of @realDonaldTrump and @elonmusk's plan for a government efficiency agency.
— KanekoaTheGreat (@KanekoaTheGreat) September 27, 2024
"That's why I think they're really terrified about Trump. He's not going to play the game."
"He's talked about having Elon come in to do a… pic.twitter.com/LXOHfGWCDJ
“He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”
The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars.
Tesla, since its founding over two decades ago, has benefitted from government assistance, largely because of its role in moving the U.S. toward cleaner cars. Tesla’s first major manufacturing facility, in Fremont, California, was developed with the help of a $465 million loan from the U.S. Department of Energy, repaid three years later.
More recently, Tesla has reaped almost $9 billion since 2018 by selling what are known as “regulatory credits, opens new tab,” securities filings show. The credits, awarded in the U.S. by the federal and state governments to manufacturers who surpass increasingly strict emissions rules, can be sold to other carmakers who are unable to comply.
There was no Tesla without California’s regulatory bodies,” California Governor Gavin Newsom said at a 2022 conference, citing the importance of the state’s credits to the carmaker’s finances.
That "role in moving the U.S. toward cleaner cars" are tax subsidies to purchasers of electric vehicles. Good- barely- neoliberal strategy for reducing fossil fuel use but excellent for Musk's motor vehicle company.
Donald Trump is proposing
It would be led by Elon Musk despite- no, because- he is one of America's biggest welfare queens and avatar of crony capitalism.
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