Monday, July 10, 2017

Proof is mounting that Tesla cannot live without corporate welfare.

I've bitched about Tesla forever, but in The Valley Musk gets a huge pass because he has changed the world in a lot of ways. Even I begrudgingly think so.

Having said that - a few weeks ago I read this story: Denmark’s EV sales collapse 60% on tax move.

At the time I wondered if there was finally starting to be trouble in paradise. But you never know when gravity will finally arrive.

Then this morning even worse news came out. Tesla sales stopped dead in Hong Kong after a tax break for electric cars was scrapped. It was ghastly news really.

"The Hong Kong government's decision to scrap a tax break for electric vehicles has had a dramatic effect on sales of Tesla cars in the city, according to The Wall Street Journal. 

Data analysis from The Journal has shown that zero new Tesla Model S sedans and Model X SUVs were registered with the transport department in April, after the vehicle-registration tax waiver for electrics was discontinued at the start of that month. 

Following that, just five privately owned electric cars were registered in May."

Even if you take the view that the tax benefit is just letting people keep more of their own money - then let all people keep more their own money. And stop letting just a few companies live due to corporate welfare.

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