April 12, 2017
If Tesla worth more than GM, why Tesla Tax Subsidy?
Jack Kemp
http://www.investors.com/politics/editorials/if-tesla-is-worth-more-than-gm-why-are-taxpayers-still-subsidizing-it/
If Tesla Is Worth More Than GM, Why Are Taxpayers subsidizing it?
Motor City: The big news in the auto world was that Tesla (TSLA) topped the market value of General Motors (GM). That means the car company that gets massive taxpayer subsidies is now worth more than the car company taxpayers bailed out a few years ago. Welcome to the world of crony capitalism.
On Monday, Tesla's stock closed at $312.39, which meant the startup electric car company, which sold a grand total of fewer than 80,000 cars last year, was worth more than GM, which sold 80,000 Chevy Silverados every eight weeks. (Tesla's market cap edged below GM's on Tuesday.)
http://www.investors.com/politics/editorials/if-tesla-is-worth-more-than-gm-why-are-taxpayers-still-subsidizing-it/
If Tesla Is Worth More Than GM, Why Are Taxpayers subsidizing it?
Motor City: The big news in the auto world was that Tesla (TSLA) topped the market value of General Motors (GM). That means the car company that gets massive taxpayer subsidies is now worth more than the car company taxpayers bailed out a few years ago. Welcome to the world of crony capitalism.
On Monday, Tesla's stock closed at $312.39, which meant the startup electric car company, which sold a grand total of fewer than 80,000 cars last year, was worth more than GM, which sold 80,000 Chevy Silverados every eight weeks. (Tesla's market cap edged below GM's on Tuesday.)
Posted by: Timothy Birdnow at
08:22 AM
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