Incentives are supposed to start up a marketplace - not be the lifeblood of it. Currently, renewables and EVs are high supported by incentives. Take away what - $10,000 in tax credits and rebates in CA for Nissan Leaf and Chevy Volt and see what happens with sales of those. And some Teslas too would slow in sales. But for the wealthy - I am pretty sure that many are affected by AMT and have to give up the tax credit in some cases.
Ever look at Tesla's board? Just a few members, but one name stands out - Kimbal Musk. Brother of Elon. Kimbal is well positioned to run a modern automobile company. He worked for College Pro Painters then started a "community" restaurant in the People's Republic of Boulder. Finance? Engineering? Manufacturing? who needs 'em.
"Down with corporate wellfare! Down with tax breaks for the rich!", cries the limousine liberals while buying their subsidized electric cars and paying no gas tax....problem is sooner or later you run out of other people's money and people see through your hypocrisy.
go ahead now you can call me a fool. its close enough to the end of the session. fortunately i didn't bet on my hunch. but let me double up: we are up 7% for the next week and if we aren't you can call me late to dinner....
Musk is currently working on a car driven by static electricity. Specially formulated tires rub highways the wrong way. It makes your hair stand up but Tesla recommends you just push it down when you leave the car.
Nothing can compete against a high speed rail scam. Nothing that is, except for (soon to be president) Scott Walker in Wisconsin. As I understand it, he defeated the scam within minutes of taking the oath of office. California needs a governor like him. Or maybe like Elon Musk. Seriously, maybe not Elon himself, but someone like him would do a good job.
Reportedly he never slept for more than 2 hours but would doze off from time to time "to recharge his batteries". This concept sets Tesla Motors apart from all other EV manufacturers.