Wait WHAT??? Why Is Congress Making Plans To Secretly BAILOUT GM and Tesla?

This should be killed. Nobody buying a BEV needs a handout.

Actually - this *(which includes Nissan as well) - is to address the problem that Tesla and GM were first - and got to their car limit under the rebate program for EVs already - where most other manufacturers are just bringing their cars out - giving those late to the table a large rebate that Tesla and GM can no longer offer - making their cars less competitive.

I would rather see the whole program killed - for all cars. EV owners should not need a huge bribe to buy their cars.

Tesla was first to build a long-range EV. Anything with less than 200 miles of range was never going to be viable for most people.

Also, agree that I would rather see the whole program end (along with gas incentives). The incentives should have been time based and not quantity based. Tesla and GM are being penalized for making a green product when it was most difficult to sell, and now the laggards that did nothing for the EV movement are going to reap the rewards. The same thing will happen again if this is passed as Tesla could sell an additional 400k American EVs in a year or two.

Nope, my stance from the beginning has always been end all gas tax brakes and EV incentives, let people decide in a fair market scenario.

Wait WHAT??? Why Is Congress Making Plans To Secretly BAILOUT GM and Tesla

Answer: Merge with Renault, Nissan, Mitsubishi .... They all deserve each other

Idiot.

And here's the bio on that article's author. Perhaps slightly biased?

"David Blackmon is an independent energy analyst/consultant based in Mansfield, TX. David has enjoyed a 39-year career in the oil and gas industry..."

Good research there, most people don't go that far.

If the goal is to get more EVs on the road (which may be a bit misguided) then the incentives should be equal for all makes and reduce as more EVs (across all makes) are sold. Penalizing the companies that came out with EVs first does not make sense. Also, to encourage US production/jobs the tax credits should be lower on vehicles produced outside the US.

The title of the article is misleading as are the facts contained therein. This is not a bailout by any measure. GM is making plenty of profits and does not need a bailout.
The whole incentive program should be scraped. Ten years of producing Tesla has not made them any more viable. It will just enable Elon's financial fraud to continue.
The free market will determine if the EV is viable and it will develop faster. Apple did not need tax credits to sell smartphones.

This was always about Social Engineering from bureaucrats in DC, Brussels and NGOs to Save the Planet. This maybe the beginning of the end for Forced conversion of the industry all the signs are there. Brexit, Boris Johnson landslide, the re-election of Trump, California losing its ability to set its own emissions, yellow vests in France, merkle on her way out. Australia rejecting the greens. 2020 is going to be a very volatile year.

Tesla is better off financially than Ford, GM and FCA. It has much lower legacy costs, less debt and they are not dependent on Truck sales which will tank if a recession occurs or if gas prices spike. It is widely reported that the only profitable products at the big 3 are full size pickups, large SUVs and Jeep. I agree that Tesla's sky high market cap is a little silly, but they are in a pretty good position in the industry now that they have gotten through the worst of their production issues over the past few months. Tesla will be solidly profitable once the Model Y is in full production and the China factory is fully off the ground.

As an investor, guess what... they are near an all-time high in stock price.

In what manner is Tesla better off financially than Ford, GM, FCA? What metric are you referring to? Profits? GM had $2.75 billion in the quarter and has $16.9 billion cash on hand. Ford made nearly a billion in profits and has nearly $10 billion cash on hand.
How is Tesla better off?!?

How are they better off? They are rapidly growing and actually have a future product roadmap versus releasing the same thing everyone else is year after year. They will beat all traditional manufacturers to full self driving, and that is where the real money is.

And we have the US wailing ad wining about so caled state subsidy of Airbus etc... whilst US companies get bailouts time and time again.. When US bails out its companies, it literally prints more money out of thin air.. The rest of the world bears the brunt because everything is traded in dollars.. The US gets a free ride time and time again... How many times does GM need bailing out ?

One more time, this is not a bailout for GM. They are making huge profits. Extending or not extending the tax credits is not a bailout. It is merely a sensational headline to get clicks.
If the incentives end, GM will be just fine. Tesla might not be.

We should not be incentivizing EVs at all.

No problem. As long as ICE cars pay for the damage they cause.

"LOL, you fell for the FAKE news"



Well Jazzyjazz, trump is calling this out and says he will kill the bill if it gets to his desk... !!

Impeached Trump?

Trump (1) won't be removed from office and (2) will win by a landslide in November. The public--Republican and Democrat--were against impeachment. This is playing in Trump's favor because once again it plays into his "drain the swamp" mantra. The Democrats just fucked up big time. I want November to come so we can arrest Pelosi, Waters, Schumer, Feinstein and execute them.

1) is likely, 2) landslide is unlikely given how he didn't even win the popular vote the first time around ... I can't say there is a strong democratic option right now, Andrew Yang is probably my favorite. Will be interesting.