Today, I highlight Tesla as the guilty party. It supports and is supported by an array of taxpayer-funded federal and state loans, subsidies, and credits.
As Christopher Koopman writes in U.S. News and World Report, Tesla's very profitability rests on cronyism. Koopman writes:
Tesla's success is ultimately a case study in the perils of government-granted privilege, its financial success demonstrating a reliance on political favoritism more than an ability to create value for customers. Tesla Motors would not have been created were it not for the generosity of politicians – if generosity is the right term for spending taxpayers' money.
To round out the complete story of Tesla, read Koopman's entire article, Tesla is No Success Story.
Related Reading:
Tesla Battles Crony Laws Banning Direct Manufacturer-to-Consumer Car Sales
No comments:
Post a Comment