Comment Re: Sojust like every other tech growth story (Score 1) 214
Tesla took 17 years to reach profitablity. They all got significant state support to the tune of many billions
Are we calling $7,500 tax incentives for the buyer 'subsidies'?
I'm not saying that's wrong, but that's a different kind of subsidy than the ones a company like BYD gets from the Chinese gov't... (Tesla sold the cars at a higher price, the buyer got the subsidy, in BYD the cars are sold at a lower price and the gov't just gives them money.)
As a reminder, it was "climate conscious" politicians, largely in one party, that used the gov't checkbook to prop up certain companies in industries they liked, all with great big press conferences and running for re-election on those generous handouts to 'green industries'.