Is Elon essentially an employee of the STATE?
Tesla's subsidies primarily come in the form of regulatory credits for zero-emission vehicles (ZEV) and tax incentives for electric vehicles (EVs).
1 Regulatory Credits: Tesla earns ZEV credits by producing electric vehicles, which it can sell to other automakers who don't meet their ZEV requirements. According to Tesla's financial filings, they reported regulatory credit sales of $518 million in 2020.
2 Tax Incentives: Tesla's customers are eligible for a federal tax credit of up to $7,500 per electric vehicle purchased. The total number of Tesla vehicles sold and eligible for this credit can vary each year, but let's assume an average of 300,000 vehicles sold per year (a rough estimate based on previous years). Multiplying this by the $7,500 tax credit gives us $2.25 billion per year in potential tax incentives.
So, the rough estimate for Tesla's subsidies would be the sum of these two amounts:
$518 million (regulatory credits) + $2.25 billion (tax incentives) = $2.768 billion per year.
Please note that this is a very rough estimate and actual numbers could vary. Additionally, this estimate does not include other forms of government support, such as grants, loans, or other incentives at the state level.
Farley
npub1far…670r
2024-04-22 06:23:39
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2024-04-22 06:23:39Event JSON
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"content": "Is Elon essentially an employee of the STATE? \n\nTesla's subsidies primarily come in the form of regulatory credits for zero-emission vehicles (ZEV) and tax incentives for electric vehicles (EVs).\n\t1\tRegulatory Credits: Tesla earns ZEV credits by producing electric vehicles, which it can sell to other automakers who don't meet their ZEV requirements. According to Tesla's financial filings, they reported regulatory credit sales of $518 million in 2020.\n\t2\tTax Incentives: Tesla's customers are eligible for a federal tax credit of up to $7,500 per electric vehicle purchased. The total number of Tesla vehicles sold and eligible for this credit can vary each year, but let's assume an average of 300,000 vehicles sold per year (a rough estimate based on previous years). Multiplying this by the $7,500 tax credit gives us $2.25 billion per year in potential tax incentives.\nSo, the rough estimate for Tesla's subsidies would be the sum of these two amounts:\n$518 million (regulatory credits) + $2.25 billion (tax incentives) = $2.768 billion per year.\nPlease note that this is a very rough estimate and actual numbers could vary. Additionally, this estimate does not include other forms of government support, such as grants, loans, or other incentives at the state level.",
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