Wednesday, October 27, 2021

Tesla

If you purchase a new electric car you can get a $7,500 tax credit. This means if you owe $10,000 in taxes you only have to pay $2,500. In addition companies that make these cars receive government subsidies in the form of emission credits. The government pays them for not emitting CO2. This is how Elon Musk survived the early years and in recent years finally started making a profit when last year the company earned $600 million from sales and $350 from emission subsidies. Tesla is worth more than 19 other car companies combined and yet they only sold 240,000 cars last year world wide.

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