Why @BernieSanders is wrong about @elonmusk:
The LA Times article is misleading.
"New York State is spending $750 million to build a solar panel factory in Buffalo for SolarCity."
State and local governments have competed to attract business for years. /1
The LA Times article is misleading.
"New York State is spending $750 million to build a solar panel factory in Buffalo for SolarCity."
State and local governments have competed to attract business for years. /1
Tesla is not getting any special advantages that other companies don't get.
"It will not pay property taxes for a decade, which would otherwise total an estimated $260 million."
Not a subsidy. A tax break. If it wasn't offered, then no factory and zero property tax. /2
"It will not pay property taxes for a decade, which would otherwise total an estimated $260 million."
Not a subsidy. A tax break. If it wasn't offered, then no factory and zero property tax. /2
"The federal government provides grants or tax credits to cover 30% of solar installation cost. SolarCity received $497 million in grants from the Treasury Department."
These are benefits available generally to solar businesses.
Did Bernie oppose these programs? /3
These are benefits available generally to solar businesses.
Did Bernie oppose these programs? /3
"Nevada has agreed to provide Tesla with $1.3 billion in incentives to help build a massive battery factory near Reno."
Same as above. No incentives - no factory - no jobs, and no property taxes. /4
Same as above. No incentives - no factory - no jobs, and no property taxes. /4
"collected more than $517 million from competing automakers by selling environmental credits."
Did Bernie vote against this system?
Tesla and Elon are playing on the playing field created by @BernieSanders and the rest of Congress. /5
Did Bernie vote against this system?
Tesla and Elon are playing on the playing field created by @BernieSanders and the rest of Congress. /5
"SpaceX has won more than $5.5 billion in government contracts from NASA and the U.S. Air Force."
And SpaceX has delivered on those contracts, providing reliable launch services at far lower cost than others. /6
And SpaceX has delivered on those contracts, providing reliable launch services at far lower cost than others. /6
--“Government support is a theme of all three of these companies, and without it none of them would be around,” said Mark Spiegel, a hedge fund manager who is shorting Tesla’s stock--
How does @BernieSanders feel about hedge funds who short stocks? /7
How does @BernieSanders feel about hedge funds who short stocks? /7
"To make room in its budget, Nevada reduced incentives for filming in the state and killed a tax break for insurance companies."
Is @BernieSanders upset about tax breaks shifting from insurers and filmmakers to a company that reduces CO2 emissions and other pollution? /8
Is @BernieSanders upset about tax breaks shifting from insurers and filmmakers to a company that reduces CO2 emissions and other pollution? /8
"Texas local subsidies include a property tax break from the school district worth $3.1M. The development will still bring in about $5 million more over that period than the local school district otherwise would have collected. /9
--“That’s $5 million more than we have ever seen from that property,” said Dr. Lisa Garcia, superintendent of the Point Isabel Independent School District.--
Would @BernieSanders rather that the land go unused and the district not get the $5M? /10
Would @BernieSanders rather that the land go unused and the district not get the $5M? /10
"Tesla buyers also get a $7,500 federal income tax credit. Tesla buyers have qualified for an estimated $284 million in federal tax incentives."
How did Bernie vote on the EV tax credit legislation? /11
How did Bernie vote on the EV tax credit legislation? /11
"In the big picture, the government supports electric cars and solar panels in the hope of promoting widespread adoption and, ultimately, slashing carbon emissions."
Does @BernieSanders disagree with this big picture?
/12
Does @BernieSanders disagree with this big picture?
/12
Seriously @BernieSanders - Any complaints you have about @elonmusk involve him playing fairly in the system you created.
Stop misleading the public. You should be thanking Elon and Tesla for making huge progress on EVs, batteries and solar.
Stop misleading the public. You should be thanking Elon and Tesla for making huge progress on EVs, batteries and solar.
