Great work! Now, if we only had an AG that was on this l, because I’d bet a tidy sum of money that multiple crimes were committed and conflicts of interest were ignored in this scam, which really amounts to theft of taxpayer money.
Exactly! The Obama and Biden clown shows spent 12 years ignoring those rules in furtherance of their “climate change” religion and as payoffs to all the green grifters.
So, the IRA (aka the Green New Deal Lite) passed with slim Democratic majorities. But a GOP majority House and Senate cannot repeal it because "they don't have the numbers for the next 2 years" ???
Care to elaborate?
Who on the GOP wants the IRA monstrosity continued? Trump? GOP reps and senators who are in on the grift?
Sure. Senate would require 60 votes (invoking cloture), not a mere majority.
GOP currently has 53 seats in the Senate. We believe the chances that 7 Democrats are going to cross party lines and vote with the GOP to repeal the IRA are Slim and none.
And Slim left town on the 7 p.m. Greyhound to Tuscaloosa.
Love your screen name. We have remediated you from soil and groundwater over our careers in the environmental space.
The IRA passed under reconciliation, aka "budget" rules. The Dems only needed majority, which they barely managed, to avoid a fillibuster.
To repeal the IRA, the GOP needs 60 senator votes?!? In other words, laws passed under reconciliation rules can only be repealed under non-reconciliation rules?!? That's insane if true.
Sierra club with a revenue of $256,609,546 controls a lot of New Mexico legislation. They say they spent $610,000 lobbying in 2024. They're really into it this year. The CEO makes more than $300,000/yr and that's just the amount they admit to. They are trying to oppose a bill that would hold the electric vehicle scam to a minimum. It'll be interesting to see if it passes. They got one of their bills that creates a bunch of new bureaucracies passed. If our lovely governor signs it, it will be $340,000,000 for their false environmental projects. New Mexico is a huge oil and gas exporter. $2.5 billion last year. A lot of that money supports the corrupt politicians. We'll see if they're willing to give that up for "green" so-called environmental solutions.
Yep, I remember reading recently that two counties in SE NM and two across the border in TX in the Permian basin were generating much of the production gains worlwidel
If I want to spend the time, I could send you urls with government actions on the spraying. In NM and almost every state I've looked at has weather modification boards or committees. Just look. The US gov't admits to weather modification. NOAA is on a gag order regarding their activities. Come man, don't make me do all the work. LOL
The critical thing missing in all these type of green agenda funding scams is a performance metric.
For this goal of reducing GHG emissions, where is the evaluation in full lifecycle $/tonne of CO2eq emissions avoided? There is limited capital available, so the only rational method of allocating climate change mitigation funding is the "low hanging fruit" approach. They won't do that because they know damn well that these type of projects they are funding have an extraordinary high cost/benefit ratio for that purpose. And all that relies on a belief that GHG emissions are a significant threat to our health & welfare.
All this can be taken care of by eliminating all of those programs and instead using a Revenue Neutral Carbon Fee & Dividend, applied equally to imports, and let the Free Market decide what are the most cost effective ways to reduce GHG emissions.
Personally I could care less about CO2 emissions. The real goal should be reducing dependence on fossil fuels which are already in short supply, and that is going to get worse, much worse. The only energy source capable of replacing fossil fuels is nuclear energy. Funny coincidence nuclear energy happens to have the lowest emissions of any tech, by far. We may have to continue burning up more fossil in order to ensure plants have plenty of CO2 so we can continue to green the planet.
All NGOs need to be banned from receiving government (taxpayer) money. They are all shell game operatives in scheme to steal money. This mutual game of grab ass is completely unbiased; Democrat, Republican, “Independent”, majority, minority, and corporate interests all have one thing in common, it’s easy to spend/steal OPM. Ike warned of the big government- big (fill in the blank) monsters in his farewell address in 1961. We have ignored it at our own peril.
Good work! I put in my zip code and found that billions are being spent near me in Arizona, including billions given to Intel who have been failing in the market.
It appears our Federal Bureaucracy has used these NGOs as conduits to transfer our tax dollars to their intended purpose, which makes one wonder:
1. Who was involved with these NGOs and how much of our tax dollars stuck to their hands? (Although NGOs are “non-profit,” they don’t work for free!)
2. Who made the decision about who would be the final recipient of our tax dollars and what it was to be used for? Was it the NGO? If so, were they vetted for conflicts of interest?
3. Who was accountable to make sure that our tax dollars were used for the intended purpose?
I’m sure the shit will hit the fan when DOGE begins to “follow the money” through the NGOs and finds out the names of the people involved with the NGOs and how much of our tax dollars ended up in their pockets!
The eNGOs are mostly pass through organizations, screening applicants against EPA criteria and administering the programs. It is not clear how they are getting paid to administer what are supposed to be competitive processes under EPA's watchful eye. It could be that their existing annual revenues/assets fund this cost, and it is likely that the awards allowed them to even raise more funding for that purpose.
You ask good questions about vetting and accountability.
Don’t kid yourself, anytime that much money passes through an organization there will be lots of money stick to their hands - they’ll have attorneys, accountants, consultants, etc. that all take a slice of the pie - just 1% of $1 Billion is a $10 million payday, and I’d bet they are taking more than 1% of the $20 Billion dumped off the Titanic. In my opinion the NGOs are being used as a legal form of graft, which explains why you have these parasites with no business experience receiving several Billion dollars and they have to take a class on how to prepare a budget! How much of the $20 Billion do you think will actually arrive at it’s intended purpose? Of course, in many cases the intended purpose is a scam!
Oh, we're not kidding ourselves, just not clear how they are actually getting compensated, etc.
It is not obvious to us that even if all of it arrived at its intended purpose and worked exactly as intended that it still would have been a wise use of the nation's treasure.
The hypocrisy in this article is hard to ignore. It criticizes government spending on green initiatives as wasteful, yet conveniently overlooks the fact that much of Elon Musk’s success—particularly Tesla—was built on these very subsidies. Tesla benefited from billions in EV tax credits, direct grants, and regulatory credit sales. Musk had no issue taking these funds when they helped him dominate the market, but now that he’s secured his position, it’s apparently wasteful for others to have the same opportunities. It must be nice to get yours, then slam the door shut behind you.
The article also suggests that these funds are shrouded in secrecy, but the reality is they’re publicly available through databases like USAspending.gov, OpenTheBooks.com, and the Department of Energy’s Loan Program Office. If we’re going to have a discussion about waste, let’s at least be honest about who benefited—and not pretend that government funding suddenly became a problem only after Musk (and other rich cats involved in DOGE) no longer needed it. Or call it waste or fraud because it didn't fit within a certain ideology.
Elon Musk publicly called for an end to California's state EV subsidies and federal taxpayer subsidies for EV purchases years ago. He most certainly took advantage of their existence to turn Tesla from a money loser into a winner (which is awful given the nearly complete sham EVs are). So would any other business person; as Trump said when debating Hilary, of course he takes tax breaks of any kind he can if Congress is dumb enough to put them on the table. That doesn't make him corrupt it makes him smart.
As for going to federal spending databases, it's nearly impossible to dig through the morass of thousands and thousands of earmarks and spending programs within any agency to glean where the money is going. Given that one can't use keywords or phrases to ferret out spending on specific projects, it's like looking for a needle in a hay pile. Unless specific programs are touted publicly by politicos, American's never have the least idea where their money goes. And the enormous graft within the NGO structure isn't a byproduct it's a design function. Budgets for these organizations has ballooned massively the last four years thanks in large part to Congressional largesse being distributed to any and all progressive minded groups.
Whether a penny being sought ever goes back to taxpayers or not, the sunlight hopefully wakes up the electorate and cuts down on that somewhat....on both sides of the aisle.
The problem is 90% of those green initiatives are scams and are going to do zip or less for the environment. They are likely mostly just grift funneled to politically connected donors to the DNC.
Without some performance metric, that is just throwing money down the sewer. And I would evaluate EV tax incentives by the same performance metric. If you are talking carbon emissions, than that metric should be full lifecycle $/tonne of GHG emissions avoided. If the EV tax credit isn't cost effective then, by all means, stop it. What you gonna blame Musk for their car buyers getting a tax credit decided by politicians who hate Musk?
Agreed most of the green initiatives are wastes, if not scams, if the measure is cost effective GHG reduction.
Which metric is also no small problem. For example, w/EVs, lifecycle$/ton of GHG's leaves us wanting for accurate capture and variability of electricity source across time and geography (and what % of most models will make it 8-10 years or more for GHG payback).
We don't prefer the EV metric of total gasoline consumption avoided as the GHG measure, but as a low resolution view we keep staring at those figures. How much has it been worth in subsidies to avoid, what, the equivalent of ~2 days annual U.S. gasoline consumption? And still have heartburn with the idea of any subsidies (much less $7,500) for people making high income to buy a cool car and say they're saving the planet.
It is complicated but certainly quite doable. You only need look at averages over a particular nation, always will be a fudge factor of say +/- 20%, but when you use similar methods to evaluate most of these "feel good" government porkbarrel subsidies you will easily get costs $/tonne CO2 avoided at 10-100 or even a 1000X more. Often full lifecycle even increase rather than reduce emissions so have an overall negative value.
"Do some research before you display your utter ignorance.
SpaceX gets no subsidies and received half as much as Boeing for astronaut transport, but did 100% of the work.
As for Tesla, take a minute to read our public filings and you will see that EV incentives represent a minor part of our revenue. On the other hand, oil & gas companies get massive tax breaks that exceed those given to the EV industry by several orders of magnitude.
Wake up"
".."Take away the subsidies. It will only help Tesla," Musk wrote in a post on X as he campaigned and raised money for Trump in July. "Also, remove subsidies from all industries!".."
Elon got RICH off subsidies (and other nonsense from Twitterverse)
NASA spent $55B to Big Aerospace/Boeing's SLS/Orion/Starliner and got one test trip around the Moon, one cargo test trip to the ISS and one failed crew trip to the ISS. For $2.6B SpaceX has done 44 trips to the ISS, half of them crewed. And has privately financed a rocket that delivers 2-3X more payload to orbit than the SLS at 1/20th the cost, and is additionally resusable.
We do not view Tesla cars as a "success". We have been reading the quarterly SEC filings and do not call baseball games in the 2nd inning. Full disclosure, I have been short Tesla in the past and presently hold a micro position of long-dated out of the money put options betting on its crash.
Musk can be all of the following, simultaneously:
a) a used car salesman when it comes to Tesla, and a significant beneficiary of green taxpayer largesse as you note, and
b) exactly the kind of outsider needed to lead DOGE to flush out government waste, abuse and corruption, and
c) the individual most responsible for protecting free speech on planet earth the last couple of years, and
d) the capitalist who is throttling links to Substack posts on his X platform ever since Substack added Notes to the platform, competing in some small way with X.
So, in sum: we're not fans of Tesla for the very reasons you state, it is possible to agree with/like some things about people and not others, we do not suggest the fund are shrouded in secrecy (used the same govt. websites you noted in our research) and it is not fraud and waste because of the ideology, but based purely on physics and economics.
Why would you say Tesla cars aren't a success? They grew from nothing in 2003 to being the largest vehicle company and 9th largest company in the World in marketcap. And one of the two vehicle companies in America that hasn't gone bankrupt. And they actually build innovative tech, far beyond any other vehicle company on Earth.
Although, I don't agree with the claim that BEVs are some wonder for the environment, that's irrelevant. They are popular, even without tax credits (which every ZEV maker gets), and innovative tech, with superior performance to ICE vehicles in most metrics and don't need subsidies to survive and indeed prosper.
Would probably have been better to say we don't view the company (not the cars themselves) as a "success". We need more consecutive quarters of GAAP profitability, margin stability, etc.
The product itself is really cool. Wicked fast and powerful, with amazing technology. Not gonna argue there!
That's true, unfortunately, but even more true with most other auto companies, outside of China. Without trade barriers Chinese companies would takeover the World automotive market completely. And Detroit is hanging on by a thread.
Really, it's all due to the efforts of our Malthusian Globalitarian Misanthropic Overlords trying to force deindustrialization on Western countries. Massive idiotic debt spending for Plandemics using viruses they had manufactured and nutty green energy scams that achieve nothing and do nothing but throw $trillions down the sewer, $trillions in debt. And even more idiotic, monstrous wars that cost more $trillions and only cause death & destruction. A real sick, sick bunch of Psychopaths.
Not a good environment for an auto company, or most any legitimate Main Street company. I think Musk & Thiel and now maybe even Bezos & Zuckerberg know what's going on and have defected from the cult. Musk knows that Trump is one of the last chances to reverse the train before it goes off the cliff. And if that happens Tesla and most other companies will become worthless. The cult has already proclaimed their plan to have only 3 or 4 giant multi-nationals running the entire Western World. Names like BlackRock, State Street and Vanguard.
It's now obvious that what is downstream of deindustrialization wasn't well understood in America or Europe by the electorate or Charlaticians. To be reasonable to "environmentalists", capitalism and financialization played their role, too. Low cost suppliers, cheap labor, etc.
Little Green Guy thinks you just invented a useful new acronym. Sounds a little like a designer drug going around South Beach on a Saturday night:
MGMO. ;)
These are the debates we have been hoping to stir, so thanks for being a part. It would be cool to seem them play out with hundreds, then thousands, of people.
Environmental says Hold my Beer after that 👊! A most useful use of solar power yet, let the sunshine disinfect it all🗽🇺🇸 Billions treated like hundred dollar bills and millions as if they’re mere coins….. truly astonishing and disgusting. Greatly appreciated this essay!
Don't think DOGE's or Zeldin's nose is nearly as sensitive as a good GSP, but there's enough DOGE dogs on the ground that one of the derby dogs is gonna find a few birds in thick cover, even if he gets a bloody nose in those briars.
Great work! Now, if we only had an AG that was on this l, because I’d bet a tidy sum of money that multiple crimes were committed and conflicts of interest were ignored in this scam, which really amounts to theft of taxpayer money.
Looking forward to the next piece!
End the economic insanity
It's going to end one way or the other.
It is ironic but the actual definition of "sustainable" if you were to look it up in the Merriam-Webster's Dictionary circa 1990 guarantees it.
The current situation is simply unsustainable. By the old definition.
Not based on our opinion. It's just economics, physics and mathematics. Not our rules. We just kinda get them.
Exactly! The Obama and Biden clown shows spent 12 years ignoring those rules in furtherance of their “climate change” religion and as payoffs to all the green grifters.
So, the IRA (aka the Green New Deal Lite) passed with slim Democratic majorities. But a GOP majority House and Senate cannot repeal it because "they don't have the numbers for the next 2 years" ???
Care to elaborate?
Who on the GOP wants the IRA monstrosity continued? Trump? GOP reps and senators who are in on the grift?
Sure. Senate would require 60 votes (invoking cloture), not a mere majority.
GOP currently has 53 seats in the Senate. We believe the chances that 7 Democrats are going to cross party lines and vote with the GOP to repeal the IRA are Slim and none.
And Slim left town on the 7 p.m. Greyhound to Tuscaloosa.
Love your screen name. We have remediated you from soil and groundwater over our careers in the environmental space.
The IRA passed under reconciliation, aka "budget" rules. The Dems only needed majority, which they barely managed, to avoid a fillibuster.
To repeal the IRA, the GOP needs 60 senator votes?!? In other words, laws passed under reconciliation rules can only be repealed under non-reconciliation rules?!? That's insane if true.
Sierra club with a revenue of $256,609,546 controls a lot of New Mexico legislation. They say they spent $610,000 lobbying in 2024. They're really into it this year. The CEO makes more than $300,000/yr and that's just the amount they admit to. They are trying to oppose a bill that would hold the electric vehicle scam to a minimum. It'll be interesting to see if it passes. They got one of their bills that creates a bunch of new bureaucracies passed. If our lovely governor signs it, it will be $340,000,000 for their false environmental projects. New Mexico is a huge oil and gas exporter. $2.5 billion last year. A lot of that money supports the corrupt politicians. We'll see if they're willing to give that up for "green" so-called environmental solutions.
Yep, I remember reading recently that two counties in SE NM and two across the border in TX in the Permian basin were generating much of the production gains worlwidel
Here's a poem that I found poignant.
A slow death by Tuyet Van Do
saving Mother Earth
they uproot
thousands of Joshua trees
to make way for solar panels
saving Mother Earth
they tell us
stop using plastic straws
and yet they sell
things with plastic wraps
saving Mother Earth
they tell the masses
to use electric vehicles
which firefighters warn
of enormous fire consequences
saving Mother Earth
they block
our sun
paying pilot
to spray daily
O Mother Earth
In saving the environment
they soft killing you
a slow death
Not so sure about the chemtrails spraying but the point is taken...
If I want to spend the time, I could send you urls with government actions on the spraying. In NM and almost every state I've looked at has weather modification boards or committees. Just look. The US gov't admits to weather modification. NOAA is on a gag order regarding their activities. Come man, don't make me do all the work. LOL
Doesn't matter what the intended purpose is/was for the money, from 50% to 80% will wind up paying for administrative and legal costs.
The critical thing missing in all these type of green agenda funding scams is a performance metric.
For this goal of reducing GHG emissions, where is the evaluation in full lifecycle $/tonne of CO2eq emissions avoided? There is limited capital available, so the only rational method of allocating climate change mitigation funding is the "low hanging fruit" approach. They won't do that because they know damn well that these type of projects they are funding have an extraordinary high cost/benefit ratio for that purpose. And all that relies on a belief that GHG emissions are a significant threat to our health & welfare.
All this can be taken care of by eliminating all of those programs and instead using a Revenue Neutral Carbon Fee & Dividend, applied equally to imports, and let the Free Market decide what are the most cost effective ways to reduce GHG emissions.
Personally I could care less about CO2 emissions. The real goal should be reducing dependence on fossil fuels which are already in short supply, and that is going to get worse, much worse. The only energy source capable of replacing fossil fuels is nuclear energy. Funny coincidence nuclear energy happens to have the lowest emissions of any tech, by far. We may have to continue burning up more fossil in order to ensure plants have plenty of CO2 so we can continue to green the planet.
Well done….again, environMental!
All NGOs need to be banned from receiving government (taxpayer) money. They are all shell game operatives in scheme to steal money. This mutual game of grab ass is completely unbiased; Democrat, Republican, “Independent”, majority, minority, and corporate interests all have one thing in common, it’s easy to spend/steal OPM. Ike warned of the big government- big (fill in the blank) monsters in his farewell address in 1961. We have ignored it at our own peril.
https://www.archives.gov/milestone-documents/president-dwight-d-eisenhowers-farewell-address
Well said, agreed, and thank you!
P.s. we haven’t used grab ass since the 1990s but good use here!
Hahaha….I’m stuck on using it from the 1970s. Sorry to invoke it in this forum, it is beneath the level of your work and writing.
but sometimes, those levels are the best descriptor for the times!!!
Thank you. Sad, but true, unfortunately.
Good work! I put in my zip code and found that billions are being spent near me in Arizona, including billions given to Intel who have been failing in the market.
Good. Keep digging!
It appears our Federal Bureaucracy has used these NGOs as conduits to transfer our tax dollars to their intended purpose, which makes one wonder:
1. Who was involved with these NGOs and how much of our tax dollars stuck to their hands? (Although NGOs are “non-profit,” they don’t work for free!)
2. Who made the decision about who would be the final recipient of our tax dollars and what it was to be used for? Was it the NGO? If so, were they vetted for conflicts of interest?
3. Who was accountable to make sure that our tax dollars were used for the intended purpose?
I’m sure the shit will hit the fan when DOGE begins to “follow the money” through the NGOs and finds out the names of the people involved with the NGOs and how much of our tax dollars ended up in their pockets!
We can help with that. The names of many of the people involved are in the public record.
Some are listed right on the eNGO websites.
Some are shown on the IRS Form 990 filings through search engines like ProPublica's (link here > https://projects.propublica.org/nonprofits/)
The eNGOs are mostly pass through organizations, screening applicants against EPA criteria and administering the programs. It is not clear how they are getting paid to administer what are supposed to be competitive processes under EPA's watchful eye. It could be that their existing annual revenues/assets fund this cost, and it is likely that the awards allowed them to even raise more funding for that purpose.
You ask good questions about vetting and accountability.
Don’t kid yourself, anytime that much money passes through an organization there will be lots of money stick to their hands - they’ll have attorneys, accountants, consultants, etc. that all take a slice of the pie - just 1% of $1 Billion is a $10 million payday, and I’d bet they are taking more than 1% of the $20 Billion dumped off the Titanic. In my opinion the NGOs are being used as a legal form of graft, which explains why you have these parasites with no business experience receiving several Billion dollars and they have to take a class on how to prepare a budget! How much of the $20 Billion do you think will actually arrive at it’s intended purpose? Of course, in many cases the intended purpose is a scam!
Oh, we're not kidding ourselves, just not clear how they are actually getting compensated, etc.
It is not obvious to us that even if all of it arrived at its intended purpose and worked exactly as intended that it still would have been a wise use of the nation's treasure.
The hypocrisy in this article is hard to ignore. It criticizes government spending on green initiatives as wasteful, yet conveniently overlooks the fact that much of Elon Musk’s success—particularly Tesla—was built on these very subsidies. Tesla benefited from billions in EV tax credits, direct grants, and regulatory credit sales. Musk had no issue taking these funds when they helped him dominate the market, but now that he’s secured his position, it’s apparently wasteful for others to have the same opportunities. It must be nice to get yours, then slam the door shut behind you.
The article also suggests that these funds are shrouded in secrecy, but the reality is they’re publicly available through databases like USAspending.gov, OpenTheBooks.com, and the Department of Energy’s Loan Program Office. If we’re going to have a discussion about waste, let’s at least be honest about who benefited—and not pretend that government funding suddenly became a problem only after Musk (and other rich cats involved in DOGE) no longer needed it. Or call it waste or fraud because it didn't fit within a certain ideology.
Elon Musk publicly called for an end to California's state EV subsidies and federal taxpayer subsidies for EV purchases years ago. He most certainly took advantage of their existence to turn Tesla from a money loser into a winner (which is awful given the nearly complete sham EVs are). So would any other business person; as Trump said when debating Hilary, of course he takes tax breaks of any kind he can if Congress is dumb enough to put them on the table. That doesn't make him corrupt it makes him smart.
As for going to federal spending databases, it's nearly impossible to dig through the morass of thousands and thousands of earmarks and spending programs within any agency to glean where the money is going. Given that one can't use keywords or phrases to ferret out spending on specific projects, it's like looking for a needle in a hay pile. Unless specific programs are touted publicly by politicos, American's never have the least idea where their money goes. And the enormous graft within the NGO structure isn't a byproduct it's a design function. Budgets for these organizations has ballooned massively the last four years thanks in large part to Congressional largesse being distributed to any and all progressive minded groups.
Whether a penny being sought ever goes back to taxpayers or not, the sunlight hopefully wakes up the electorate and cuts down on that somewhat....on both sides of the aisle.
The problem is 90% of those green initiatives are scams and are going to do zip or less for the environment. They are likely mostly just grift funneled to politically connected donors to the DNC.
Without some performance metric, that is just throwing money down the sewer. And I would evaluate EV tax incentives by the same performance metric. If you are talking carbon emissions, than that metric should be full lifecycle $/tonne of GHG emissions avoided. If the EV tax credit isn't cost effective then, by all means, stop it. What you gonna blame Musk for their car buyers getting a tax credit decided by politicians who hate Musk?
Agreed most of the green initiatives are wastes, if not scams, if the measure is cost effective GHG reduction.
Which metric is also no small problem. For example, w/EVs, lifecycle$/ton of GHG's leaves us wanting for accurate capture and variability of electricity source across time and geography (and what % of most models will make it 8-10 years or more for GHG payback).
We don't prefer the EV metric of total gasoline consumption avoided as the GHG measure, but as a low resolution view we keep staring at those figures. How much has it been worth in subsidies to avoid, what, the equivalent of ~2 days annual U.S. gasoline consumption? And still have heartburn with the idea of any subsidies (much less $7,500) for people making high income to buy a cool car and say they're saving the planet.
Complicated. We can do better.
It is complicated but certainly quite doable. You only need look at averages over a particular nation, always will be a fudge factor of say +/- 20%, but when you use similar methods to evaluate most of these "feel good" government porkbarrel subsidies you will easily get costs $/tonne CO2 avoided at 10-100 or even a 1000X more. Often full lifecycle even increase rather than reduce emissions so have an overall negative value.
That's bull. Musk himself states:
"Do some research before you display your utter ignorance.
SpaceX gets no subsidies and received half as much as Boeing for astronaut transport, but did 100% of the work.
As for Tesla, take a minute to read our public filings and you will see that EV incentives represent a minor part of our revenue. On the other hand, oil & gas companies get massive tax breaks that exceed those given to the EV industry by several orders of magnitude.
Wake up"
".."Take away the subsidies. It will only help Tesla," Musk wrote in a post on X as he campaigned and raised money for Trump in July. "Also, remove subsidies from all industries!".."
Elon got RICH off subsidies (and other nonsense from Twitterverse)
FutureAzA
https://www.youtube.com/watch?v=0RWTslDHDU0
Is Tesla Getting Special Treatment? | In Depth
Now You Know
https://www.youtube.com/watch?v=8pZT1j2yj9I
NASA spent $55B to Big Aerospace/Boeing's SLS/Orion/Starliner and got one test trip around the Moon, one cargo test trip to the ISS and one failed crew trip to the ISS. For $2.6B SpaceX has done 44 trips to the ISS, half of them crewed. And has privately financed a rocket that delivers 2-3X more payload to orbit than the SLS at 1/20th the cost, and is additionally resusable.
We do not view Tesla cars as a "success". We have been reading the quarterly SEC filings and do not call baseball games in the 2nd inning. Full disclosure, I have been short Tesla in the past and presently hold a micro position of long-dated out of the money put options betting on its crash.
Musk can be all of the following, simultaneously:
a) a used car salesman when it comes to Tesla, and a significant beneficiary of green taxpayer largesse as you note, and
b) exactly the kind of outsider needed to lead DOGE to flush out government waste, abuse and corruption, and
c) the individual most responsible for protecting free speech on planet earth the last couple of years, and
d) the capitalist who is throttling links to Substack posts on his X platform ever since Substack added Notes to the platform, competing in some small way with X.
So, in sum: we're not fans of Tesla for the very reasons you state, it is possible to agree with/like some things about people and not others, we do not suggest the fund are shrouded in secrecy (used the same govt. websites you noted in our research) and it is not fraud and waste because of the ideology, but based purely on physics and economics.
Thank you for your comment!
Why would you say Tesla cars aren't a success? They grew from nothing in 2003 to being the largest vehicle company and 9th largest company in the World in marketcap. And one of the two vehicle companies in America that hasn't gone bankrupt. And they actually build innovative tech, far beyond any other vehicle company on Earth.
Although, I don't agree with the claim that BEVs are some wonder for the environment, that's irrelevant. They are popular, even without tax credits (which every ZEV maker gets), and innovative tech, with superior performance to ICE vehicles in most metrics and don't need subsidies to survive and indeed prosper.
Would probably have been better to say we don't view the company (not the cars themselves) as a "success". We need more consecutive quarters of GAAP profitability, margin stability, etc.
The product itself is really cool. Wicked fast and powerful, with amazing technology. Not gonna argue there!
That's true, unfortunately, but even more true with most other auto companies, outside of China. Without trade barriers Chinese companies would takeover the World automotive market completely. And Detroit is hanging on by a thread.
Really, it's all due to the efforts of our Malthusian Globalitarian Misanthropic Overlords trying to force deindustrialization on Western countries. Massive idiotic debt spending for Plandemics using viruses they had manufactured and nutty green energy scams that achieve nothing and do nothing but throw $trillions down the sewer, $trillions in debt. And even more idiotic, monstrous wars that cost more $trillions and only cause death & destruction. A real sick, sick bunch of Psychopaths.
Not a good environment for an auto company, or most any legitimate Main Street company. I think Musk & Thiel and now maybe even Bezos & Zuckerberg know what's going on and have defected from the cult. Musk knows that Trump is one of the last chances to reverse the train before it goes off the cliff. And if that happens Tesla and most other companies will become worthless. The cult has already proclaimed their plan to have only 3 or 4 giant multi-nationals running the entire Western World. Names like BlackRock, State Street and Vanguard.
It's now obvious that what is downstream of deindustrialization wasn't well understood in America or Europe by the electorate or Charlaticians. To be reasonable to "environmentalists", capitalism and financialization played their role, too. Low cost suppliers, cheap labor, etc.
Little Green Guy thinks you just invented a useful new acronym. Sounds a little like a designer drug going around South Beach on a Saturday night:
MGMO. ;)
These are the debates we have been hoping to stir, so thanks for being a part. It would be cool to seem them play out with hundreds, then thousands, of people.
Environmental says Hold my Beer after that 👊! A most useful use of solar power yet, let the sunshine disinfect it all🗽🇺🇸 Billions treated like hundred dollar bills and millions as if they’re mere coins….. truly astonishing and disgusting. Greatly appreciated this essay!
Don't think DOGE's or Zeldin's nose is nearly as sensitive as a good GSP, but there's enough DOGE dogs on the ground that one of the derby dogs is gonna find a few birds in thick cover, even if he gets a bloody nose in those briars.
;)
Great comparison!