According to the latest data from the European Automobile Manufacturers Association (ACEA), sales of Electrically Chargeable Vehicles (which include plug-in hybrids) in Q1 of 2017 were brisk across much of Europe: they rose by 80% Y/Y in eco-friendly Sweden, 78% in Germany, just over 40% in Belgium and grew by roughly 30% across the European Union... but not in Denmark: here sales cratered by over 60% for one simple reason: the government phased out taxpayer subsidies.
I think it's safe to say there would be similar results in in the USA if states and federal government didn't subsidize Tesla and it's vehicles. There's cheapest vehicle would probably cost more than 100k if the government treated them the same way they treated other auto manufactures.
Tesla, Amazon, Google and Facebook all look like dot-com companies from the 90's with plenty of growth but no revenue to show for it. These companies are being heavily speculated in the markets because other markets like energy, mining, manufacturing and finance are all doing shitty. So these tech companies are the only bright spot in the markets which most of that is because government taxes and regulations are still very mild for tech and the internet industries.
Can you say bubble? This is exactly why you shouldn't invest in Tesla. Almost a million dollars per car sold is unsustainable. Someones going to make a ton of money shorting these stock when the market collapses.
Despite being an obvious con man, old Elon is worshiped by the same people who believe in "fossil fuel" and "global warming" - suckers...
It's a big circle jerk when you're part of the club.
this cannot be TRUE.....Elon walks on water....impossible he is held up by govt grants as well and very much into "transhumanism" (google it)
Probably a CIA startup company just like Google.
that would be a 100% --- yes
I wish I could buy a Tesla, I dream!
Its pretty cool yea
Govt. subsidies may also explain why in the five years after the 2008 crash, while other companies across the board bounced back by around 250% tops, Tesla bounced back by over 1,000% in that same time frame!!!
The amount of money sunk into the technology may be necessary for progress, but peoples dollars speak for themselves and they're currently saying "no thanks".
Great article!
Yeah, the government subsidies and tax breaks alter the actually demand for these vehicles.
Buying Tesla stock is like paying $90 for a $5 bill.
I think many naysayers don't see the long term impact tesla will have. Those monthly/weekly reports are little out of rhythm heart beats of a coming monopoly. I do hope though, at a certain point when ELON leaves the CEO chair that the company stay in good hands so it can keep having a positive impact on lifestyle and environment and not be exploited or driven against the wall for profit
I still wonder why we don't have gas vapor engines that get 100 miles to the gallon and no smell from the exhaust pipe because 100% of the fuel is being combusted in the engine.