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The Hyperloop was never meant to be built. Elon Musk admitted it was all about fueling opposition to California’s high-speed rail project so it would get canceled.
He never planned to improve transportation; he just wants to keep people trapped in cars.
https://newrepublic.com/article/174089/big-tech-watching-drive
#tech #transport #elonmusk #transportation #hyperloop #trains
No, they’re referring to the fact that if you buy a Tesla, the government pays for something like 20% of the cost. You multiply that subsidy times the number of Teslas sold, and a massive chunk of Musk’s wealth is government funded.
So then they disagree with EV tax credits or subsidies? In absence of more train investment (which we should do, but is entirely independent) EV subsidies are a really good thing for the environment
So low interest rates caused Tesla stocks to go up? That seems like it’d equally cause all stocks to go up.
No, they’re referring to the fact that if you buy a Tesla, the government pays for something like 20% of the cost. You multiply that subsidy times the number of Teslas sold, and a massive chunk of Musk’s wealth is government funded.
so he is the biggest welfare queen in the world
So then they disagree with EV tax credits or subsidies? In absence of more train investment (which we should do, but is entirely independent) EV subsidies are a really good thing for the environment
Musk as a complete idiot, but gotta say that’s savvy. You don’t have to be smart to be ruthless.