Skip to comments.Washington Tried to Land Massive Tesla Electric Car Factory — Would It Be Worth It?
Posted on 08/01/2014 1:35:06 PM PDT by Robwin
The Washington Department of Commerce said it mounted an aggressive effort that included the personal involvement of Inslee.
The company would reportedly create 6,000 jobs to build batteries for a projected 500,000 Tesla cars to be built by 2020. Among the reasons given for Teslas reluctance to locate here is that were not a right to work state. Controversial labor issues with Boeing and other companies have scared off some prospective companies.
But beyond this grand project are some shady financial issues... This despite Consumer Reports fiascos that occurred in testing some Tesla models which either caught fire in the battery area, or the engines died...
Front Page Mag online reports the real way Tesla has been making its money is from government subsidies, and crony capitalism.
Tesla didnt generate a profit by selling sexy cars, but rather by selling sleazy emissions credits, mandated by the state of Californias electric vehicle requirements. The competition, like Honda, doesnt have a mass market plug-in to meet the mandate and therefore must buy the credits from Tesla, the only company that does. The bill for last quarter was $68 million.
Absent this shakedown of potential car buyers, Tesla would have lost $57 million, or $11,400 per car.
Tesla isnt actually making money selling cars. Its making money from crony capitalist taxes of people who buy cars from other companies. And even the customers who buy its cars get paid with taxpayer money.
So, for every car they sell, the buyers receive numerous government, taxpayer funded rebates, kickbacks, and other financial compensation that eats up much of the cost of the car. And, as stated earlier in this story, millions are taken from other electric car makers to give to Tesla because they have favored status with the Obama Administration.
(Excerpt) Read more at newstalk870.am ...
could always use it to house Obama Illegals
I would think a Baraqqi regime affiliate like Musk would have a union agreement in place before even turning a shovel of dirt. Surely he's not thinking of having a factory where the proletariat is not protected by the UAW?
Maybe they could throw in with Boeing and make electric airplanes.
Why would anyone want to put a business in a state where there are so many anti business socialists?
nope.. every seat on the new Obama approved airliner will have peddles..
but only 47% of them will drive the propellers... The other 53% will fly for free and will be given the 47%ers peanuts and shot glass of soda.
If Tesla wants to build a factory, let Tesla pay for the factory.
I’ll go on record that the giga plant will never be build. This is all a big pipe dream and a ploy to pump up there stock
Just my 2 cents worth