Several billion dollars, from what I remember from the TrueAnon series on Tesla, the tax credits on EVs is basically the only thing keeping Tesla alive, they barely make a profit from selling cars, of which they make very few anyway. They do get tax credits which can then be sold which is worth a lot more. They can sell tax credits for cars "sold" but haven't delivered (pre-orders, essentially). The kicker is, even if the car is recalled or refunded, the tax credits they sold off for building an electric vehicle doesn't. They can build shitty and still make money.

The majority of Tesla's stock price is tied to the US government giving them free money for theoretical cars. Now it's so big, pension funds buy into Tesla

[–] SovietBeerTruckOperator@hexbear.net 17 points 2 days ago (1 children)

It was pretty stupid of him to so enthusiastically back the anti-environment party from the get go then.

[–] CloutAtlas@hexbear.net 18 points 2 days ago

The biggest problem him before was taxes and the threat of Chinese EVs that perform better and cost half as much flooding the US market

The biggest problem for him now is the low taxes people trying to axe taxpayer funded subsidies for his dipshitmobiles and thinking EVs are woke.

The biggest threat to him in reality is mixing quaaludes and amphetamines to replace sleep so he can yell at Twitter engineers to make Grok talk about Rhodesia and Afrikaners at 3:30 AM

[–] OldSoulHippie@hexbear.net 13 points 2 days ago

What a great system. o7

[–] semioticbreakdown@hexbear.net 13 points 2 days ago (1 children)

great system

[–] CloutAtlas@hexbear.net 19 points 2 days ago* (last edited 2 days ago)

It's actually kinda wild how more people haven't paused to ask "hey how come this """car company""" that makes fewer than 2 million cars per year is worth more than the next 3 car companies combined, who together make almost 30 million cars a year?"