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Is Romney anti-Tesla?

In tonight's debate (10/22/23) Romney said the Government investing in Tesla, amongst a few other companies, is not a good way to create American jobs. Is he anti-Tesla? And should we worry about losing the EV tax credit for 2013 and beyond if he is elected? I am not trying to flame or campaign, just trying to get a clear understanding on what a Romney administration might mean to Tesla.

I dont know who Charles Schumer is. Nothing wrong with making money, but I think we might agree that one parties profit is the other parties cost, no?

No. Fundamental leftist misunderstanding of commerce. Both parties get a price they like (for different reasons). You buy TM's car because it's way easier and cheaper than making it yourself. TM profits, because it put the work into designing and making and distributing it.

Whose loss?

@jbunn

Recommended: Basic Economics, Thomas Sowell

Sorry Ben, but you're way wrong...In the first debate, Romney specifically said that Obama picks "Losers" like Solyndra and Tesla.

Brian,

You're making a completley different point. I agree with you on this. In the case of Tesla, it ADDS VALUE through it's design and manufacturing.

I'm speaking about a different enterprise. Consider the random flucturations in the stock market. When it fluctuates up and down moment to moment, people are making and loseing money. No value is being added. We're doing nothing more beneficial than playing poker for money. The net amount of real wealth on the table and in the pockets of the players at any given time is constant, it's the distribution between players that is changing. It doesn't add value.

MrSpaghetti,

Thank you. I have had the pleasure to have some excellent professors of Economics at the undergrad and MBA levels. If I feel compelled to brush up, I'll seek that book out.

@jbunn

Your professors either weren't as good as you think, or else you slept through class. Your statement about the stock market is utterly wrong.

Jbunn, your heart is in the right place, but your economics. Well. When the market goes up from say 1000 to 10000, that indicates that the pie has grown, and that everyone who had a piece of the pie is much better off. Now when the market fluctuates, it does not mean you have made or lost money.. You need to complete your transaction. In our case with Tesla , we would like to sell at a much higher price than we bought. Again all of us being winners

This isn't intended to be a political statement, just suffer through the commercial and watch this. It's literally the funniest thing on the internet: https://www.youtube.com/watch?v=d5i3F0YnkP0

Just trying to lighten things up!

@Getting Amped Soon

That is pretty freaking funny!

Hi Mel. Yes, thats exactly what I said is it not?

@jbunn

I don't think you know what you're saying. I think you have a fundamental confusion between the stock market, commodity futures markets and the free market. All distinct things.

It is unfortunate that some people apparently seem to think they cannot learn anything from anyone once they have attained a certain level of educational credentials. For the record, I have a Master's degree and sat through stock economics courses through the educational pipeline. None of them left me with a real understanding of economics. I read Sowell's book much later and learned a lot from it.

I know you have an MBA and everything (my eyes are averted), but maybe, just maybe it doesn't make you an expert on economics and everything else.

Jbunn, maybe.. I think we all want the SEC to do their job. High frequency trading is out of control, and the machines that are doing the trading are killing all markets. The oil market stands out, because of its impact on the economy

jbunn;
Moment to moment stock fluctuations can feel like poker, but there's more than zero-sum divvying of a fixed pot going on. The entire market is being valued and funded, as is each individual stock. Real world evaluation of performance and prospects is happening. In the case of a particular stock, the majority can be right or wrong about its future, and hence make or lose money.

The profit on a successful buy-sell cycle of a particular share does not come from someone else's pocket, exactly. You bought from A and sold to B. Likely none of you got the maximum possible trading yield, but none need have suffered a loss.

As for Sowell, read him for the perspective and the ideas. The mechanics of economic models are not the point and appeal of his writing. Brilliant man. Think of him as the polar opposite of Krugman. Another very interesting POV is John Tamny. He asserts, e.g., that trade is inherently balanced, and health of the currency (dollar) is key. He considers Bernanke a non-stop disaster in progress.

It is not groovy to defend those who drag Tesla into the mud.

Naming Tesla as “losers” while defending the oil industry does not carry a benevolent intention.

Similarly, when National Automobile Dealers Association (NADA) is suing Tesla for the right of franchising, then this cannot be defended as a benign act.

Tesla was able to open up a store in Colorado in 2009 before NADA realized early enough that Tesla would not be “losers” as broadcasted on TV lately, but the dealers association was able to get the bill passed as law to immediately ban Tesla from opening any more stores over there.

Tesla operates in a country that is regulated by laws. These laws are passed through a political process.

Thus, as a Tesla reservationist, it only makes sense for me to stay away from those obstructionists and those who take Tesla's name in vain.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&I...

Tam , let's just hope when Romney gets in he can fix a lot of this.

Is Romney anti-Tesla? Yes.
The underlying mission of Elon/Tesla/Solar City is to replace ICE cars with electric cars and clean up the grid via the privet sector. Romney is a climate change denier beholden to the "drill baby drill" crowd. He has promised to continue subsidies to oil/gas companies and remove breaks/incentives for clean energy which he has called "imaginary". So to this effect, should he get elected, you would have a government with energy policies directly opposed to Teslas core mission.

If TM's core mission is dependent on gov't favours, it is screwed. Elon has emphasized utility, quality, and operating economics from the beginning, and these will carry the day for TM.

Wall Street, oils, nuclear, ICE.. got help from government and they are not screwed.

It is faulty to think that somehow, government is incompatible with business and big profits.

Tesla is screwed if it encounters a HOSTILE government. Tesla will grow faster if it operates in a NURTURING government.

Any side, who can pull a political leverage, can pass laws in their favor and against your interests.

Crushing EV1 while subsidizing $100,000 gas guzzler Hummer is another example of unfriendly government toward EV in the past.

No matter how great, how fast Tesla can make its cars, Colorado law banning further Tesla stores is a current hostile example that could jeopardize Tesla's progress.

I don't care for red or blue government, I just want a green government.

@Tam, I was about to post the exact same article!!

If all these super large/blotted governments ( federal , state. And local). would quite picking on Tesla and Solar city they will prosper. It is this cronie capitalism tied into these BIG government types that support the status quo and want to stop young companies from competing.

Tam;
Remedial reading: "dependent on gov't favors".

I don't recall anyone suggesting Telsa is dependent on the government. I leave that misperceprion to the haters out there

Are these haters connected to the evil doers?

@Mel

I think they're affiliated with the guys in the black helicopters following around bob@pyramid.net.

All companies are dependent on government. If the government makes their product illegal there is a problem. I sort of remember something called prohibition.... so yes Tesla is dependent on government just not the way Brant is thinking.

Government can pass laws making it difficult to sell your product.
Government can pass laws making your product undesirable. (how about all BEVs have to make loud beeping noises so the blind don't get hit)
Government can give funding to your competitors to encourage their product.

Government money comes in both forms.

Judge for yourself
Browse the web
They are not hard to find

T.M , should we notify bob?

No, I'm sure he has his eye on them.

Snark is the best you have to offer
As usual

Could bob have had a run in with the boojum?


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