Elon Musk, Grabby Crony Capitalist

Posted on March 26, 2015 by - Also by this author

One of the more discouraging experiences  is watching consumers get misled who don’t yet realize it, and when you point it out, you get pushback. Until the facts come out.

It makes the i-told-you-so moments all the richer.

So has been the case with most things green. Some of us could see back in the late 2000s that this was an emerging fad, or religion for some, fueled by the doctored science behind alleged climate change and subsidized green energy firms, services and products, most of which could not survive on the bare free market. The media hype reached cultic levels.

How refreshing that Wall Street Journal columnist Holman W. Jenkins Jr. has said things about the Tesla that lesser scribes will not. His column this week lays out the true picture behind this subsidized bullet train wreck of an electric car company, which has become the poster boy for the elusive green economy.

There’s no doubt the Tesla is advanced in its technology and fun to drive, as I can attest. The vehicle qualifies as a novelty and diversion for auto hobbyists who can afford it. If that’s what a consumer wants to drive, have at it. If Tesla as a company survives on its own — self-financed and solidly engineered — then more power to them, no pun intended.

But in the present scenario, this government-connected, private-sector-tax-dollar enabled green scheme should be called out for what it is, not what others dream it to be.

One operator who bought multiple Teslas told me privately the car is unprofitable, and the backseat only marginally comfortable for clients. That’s in addition to the charging/range issues that plague electric cars. How many electric charging stations do you see outside every airport in America compared to gas stations? How long does it take to fuel up a Lincoln compared to charging a Tesla?

For chauffeured service operators, the answers are obvious. Once Tesla catches up and sells a long-range, long wheelbase sedan for $40,000 to $50,000 sans subsidies and credits, and with fueling times measured in minutes, then we'll be on to something.

All that wasted taxpayer money on Tesla subsidies could have financed tax breaks and compensated fees for small businesses. Better yet, how about a federal limo/livery rebate program for all chauffeured vehicles?

Related: How The Tesla Scam Works

Related: How Tesla Could Really Save Us Money

Related: Wasting Tax Dollars On Green Energy Boondoggles

View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

August 16, 2017

Don’t Let Poor Grammar, Spelling, And Punctuation Ruin Your Image

You are what you write. Make sure you leave a good business impression, especially on social media.

August 8, 2017

Behind The Screens: Why Face Time Matters

Computers and smartphones have conditioned us to text and email our way through life. Here’s how Millennials and managers can work together to break the habit.

July 31, 2017

Let's Not Make AI The New Y2K Scare

Machines will not take away all of our jobs any more than the Y2K scare ushered in Armageddon.

July 25, 2017

"Does No Smoking Mean Weed Too?"

What's the response to that question now that more states are legalizing recreational use of marijuana?

July 18, 2017

Getting It Wrong On Uber’s Return To Austin

See Exhibit A on the misleading spin the limousine industry faces when exposing the unfairness of TNCs.

See More

Facebook Comments ()

Comments (0)

Post a Comment



See More

LCT Store

LCT Magazine - August 2017 $12.95 MILLENNIALS/FAST 40 ISSUE COVER STORY: * How to Score & Keep The Best Young Talent * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close