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March 20, 2009
More Welfare For The Rich
It looks like we not only have Welfare for the Rich. We have another case of the same welfare. Want a $50,000 electric sports car? Have we got a deal for you. When Tesla formally announced the Model S Sedan last June, the MSRP bandied was about $60,000 for the all-electric sedan. In its newsletter today, Tesla has confirmed that the "anticipated base price" for the Model S will be $57,400. With a federal tax credit of $7,500 available, however, the Model S should cost just $49,900. Details on what's included in the base version of the Model S should be available at the vehicle's official unveiling next week.What a great deal. For a bailed out banker. Or a Fannie Mae executive. I think this whole deal is supposed to work on the trickle down theory. First the rich get the cars and then when they become used cars the rest of us have a chance. Now I believe in trickle down myself. If it weren't for used cars I wouldn't have a car. But please. Couldn't we do it without subsidies? H/T Instapundit Cross Posted at Power and Control posted by Simon on 03.20.09 at 06:39 PM
Comments
But at least they are building something. We are routing billions to others who will produce nothing. Which just goes to show how totally degraded the political system has become. M. Simon · March 21, 2009 03:38 AM Simon: I agree completely. K · March 21, 2009 03:43 AM Post a comment
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Those who tend to adopt everything trendy and can pay for it will benefit from the tax credit because initially demand will exceed production.
In a year or so - depending on the merits of the vehicle itself - buyers will not be as eager.
But by then the tax credit will be gone. It will have helped only those who needed no help.
So far I am a fan of Tesla. They seem to have solid management and also fish for the political money well.
They got a free plant from California. When all is totalled they will have built a car company paid for by taxpayers.
But at least they are building something. We are routing billions to others who will produce nothing.