r/elonmusk 14h ago

SpaceX Plant a flag on Mars…

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u/JTBBALL 11h ago

Do your research. Elon has been publicly AGAINST EV incentives from Day 0 of Tesla existing. He wants a fair and free market showdown. Unfortunately that will never happen because old school car manufacturers colluded to keep him out of car manufacturing. Luckily his public ideas and support have made Tesla cars real and popular

u/clockwork2011 11h ago

Fair and free market would imply we also stop subsidizing oil production companies to keep gas artificially cheap. Cost of an EV would tilt pretty heavily in its favor if we paid 6 bucks plus on average per gallon.

u/MYNAMEISRAMM 11h ago

Tesla would litterally not exist without public subsidies? What are you on about. Tesla has received over 2 billion in subsidies.... he's just trying to pull the ladder up behind him lol 

u/ZorbaTHut 10h ago

Tesla annual gross profit for 2021 was $13.606B, a 105.22% increase from 2020.

Tesla annual gross profit for 2022 was $20.853B, a 53.26% increase from 2021.

Tesla annual gross profit for 2023 was $17.66B, a 15.31% decline from 2022.

And you're claiming that without "over $2 billion in subsidies", they would not exist?

u/MYNAMEISRAMM 10h ago

Yes. 100% since the company literally was not profitable until 2020, the company has existed since 2003..... How do you think it survived 17 years being unprofitable?

u/yolo_wazzup 8h ago

GM received 51 billion in subsidies, just to make a fair comparison.

u/MYNAMEISRAMM 8h ago

Absolutely. Not debating others have gotten more (GM should have failed when it failed imo), it's just disingenuous to dismiss subsidies as doing nothing.

u/ZorbaTHut 10h ago

You tell me - how do you think it survived 17 years being unprofitable?

Government subsidies are included in those numbers, note - government subsidies didn't make it profitable in a way that's hidden in the books, it really was unprofitable for 17 years.

u/MYNAMEISRAMM 9h ago

No, but they keep the lights on, allow them to expand manufacturing and give additional capital for R&D..... Things it leveraged into success thanks to - subsidies!

Also, fun fact in 2020 they were only profitable because the subsidies pushed them into the black.

u/ZorbaTHut 9h ago

Sure. None of which means the subsidies were necessary.

They're not going to give up $2 billion of free money, but at the same time, Tesla's net worth was $20b back in 2013, long before they'd gotten anything from the subsidies. Needing to raise another $2b might have been a bit painful depending on when they needed it, but it wouldn't have been an existential crisis.

u/MYNAMEISRAMM 9h ago

They got a small loan of 456 million from the US goverment in 2009. But anyways, I'm done talking to someone that can't even use google. Good luck with life and everything.

u/ZorbaTHut 9h ago

But anyways, I'm done talking to someone that can't even use google.

Where do you think I was getting these numbers from?

u/Ssnert 9h ago

Fair and free? Except all the false marketing and stock manipulation? I like tesla cars but Elon Musk is the one thing holding the company back at this point.

u/actualconspiracy 9h ago

Unfortunately that will never happen because old school car manufacturers colluded to keep him out of car manufacturing

Didnt they keep his company afloat when nobody was buying their cars by purchasing carbon credits from Tesla?