Trump Says He Will Kill Proposed Bailout Of Tesla And GM If It Makes It To His Desk

Again it is not a bailout. it is an extension of the misguided EV tax incentives.

It effectively a bailout for those company in real life. One of them is reporting record profits.

009, you are dead wrong. The 2009 bailout was to prevent the auto companies from going out of business. By using the word "bailout" it is supposed us of the 2009 bailout which is nothing like this.Extending or not extending the EV tax credit will not make or break GM. It might do real damage to tesla though.

he should kill it. If EVs cannot make a business case without government funding then they will have to improve the products. Even in China over 80 percent of EV sales are to government owned or controlled fleets. Most of the rest of the sales are with incentives too.
If EVs are the future and the US wants to gain the upper hand, the government should allow the major player to form a consortium to work together on technology as they did with digital electronics and apply tax incentives to demonstrable research rather than try to shape the market.

Elon Musk is the only automaker CEO who has custom made leader knee pads for luxury begging.

Better do it
Don't cave in like what he did with China

And with Putin.

Why do we continuously have to bail auto makers out? There cars should stand by themselves un the marketplaces. Government tries to take sides as to force’s consumers to buy what they want them to.

THe cost of EVs exceeds the ability for the average American worker to afford them. If it were not for the Tax Breaks - I would assume a number of people would not have bought them (They were offered on Hybrids as well).

However - at the highest level - the companies that can no longer offer the rebates will be at a severe disadvantage (Nissan is also in that category - and because of the Prius - Toyota is close too) to those that still can. Nether companies named can add enough value to their current offerings to make up for a rebate that can be 1/4 of the total price of the vehicle.

However - we also do not have the infrastructure to support these vehicles - and until we actually do - the rebates should be discontinued. I note - there is major unrest happening where cobalt is being mined in the Congo using Child Labor - and strip mining techniques that are killing children laborers.

In addition -AT CURRENT MINING RATES - there is only about 50 years of cobalt reserves on the earth - so Unless more is found - the EV is going to need new Battery Technology. (About 350 years of Lithium - but not easily mined except with poor strip mining techniques)

the US govt has supported countless other industries in the past - either through consumer incentives or by supporting research or associated services.

and my question is for when the automobile started to replace horse-drawn carriages - how did the "gas station" become so abundant in national availability?

The US government should not put one cent toward bribing people to buy certain cars.

Eagerly awaiting all the Oil Companies losing their tax benefits they enjoy for decades now. Oh wait... that’s not going to happen... Ever.

It’s about time us little guys got our tax break for doing good in the world. I bought my Model 3 and got the full tax writeoff as well as my state’s incentive as well.

If Big Oil can get their Socialist $$$ Billions in huge mega tax breaks, then you as sure as heel believe I’m gonna GET MY socialism as well. What’s good for the goose is good for the gander. For those that think “businesses need a business case” Big Oil has existed as. Charity case for a long time now.

Yes, please explain to me why we give tax breaks to oil companies?

Um, I saw Trump be obsequious is press briefings twice with Putin as though he was trying to impress. He and his Republican traitors keep pushing an absolute false narrative about Ukraine first pushed by Putin.
Trump had a photo session in the Oval Office with Senior officials which have never been allowed in that space, and without an interpreter or any other US rep.
He surrendered Syria to Russia and is trying to dismantle NATO, long a Putin goal.
Don't blame the CIA, FBI or anyone else. We have watched this with our own eyes.

Man, Truthy, you're psychotic.

Maybe people writing articles should check the meaning of the words they use to look less stupid than they actually do.

True, not a bailout at all. Either extend the tax credit or kill it for everyone to level the playing field. Eliminate all the tax breaks for oil companies while you're at it.

The ultimate irony is the way the incentives are currently setup, foreign auto companies will benefit far more than US companies.