Tesla

I have been perplexed for several years as to why the stock value of Tesla is $700 and the asset value is $17 and the answer has been revealed in Biden's infrastructure plan. This plan will spend $174 billion, or about 28% of the transportation portion, on electric vehicles. Those who bought Tesla on the assumption that the government would come through for them have won. How this money will be spent is yet to be announced but if some is used to provide cash incentives for buyers of Tesla cars will that be enough to overcome the charging time and winter driving. Most Americans are so impatient that if it even took one hour to charge they would not take this car on a road trip. Will many of the charging stations to be built end up using electricity from fossil fuel power plants. Based on past experience of government support to purchase electric cars, as much as $7,500 per car, this will not cause people to switch.