Tesla has gotten more subsidies than any other company ever in excess of $10bn.
Subsidy sources include: CA Direct subsidies, ZEV regime, GHG, CAFE, CA & NV tax abatements, NV free land, cheap electricity, transferable tax credits, NY free $1B factory, no gas tax, endless European subsidies, HOV privileges, and more.
Greater than 100% of its “profitability” is now from selling regulatory credits to other OEM’s, another form of subsidy. Here’s one example of the many:
Not only has tesla gotten these massive subsidies, they of course use a panoply of frauds to extract even more gravy. Here’s a list of some of their SUBSIDY ABUSE:
- Oregon and Tesla Reach 13 Million Settlement – Oregon solar- per liberal AG of Oregon, Tesla inflated value by 100% and filed false documents- Rosenblum said in a statement, “Unfortunately, some companies abused the program. In this case we have been able to claw millions of tax dollars back from those who sought to cheat the system.”
- Canada: Tesla Registered Vehicles to Themselves
- Canada: Fake Prices
- Tesla & SolarCity’s Crooked Buffalo Deal
- Nevada: Tesla Depends Heavily on Taxpayers
- Pages 84-87 of PlainSite’s Reality Check on Tesla document further subsidy abuse