Are you trying to insult Elon? Elon is the biggest welfare queen in Corp America and he will get subsidies, period. Need or no need.
Let’s review how much he got for his Nevada factory:
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Probably more.
You’ll be stupid not to accept these handouts! Should aim to get at least $500 m
I didn’t understand Tesla, but I am starting to see what people see in it. Maybe this car thing is just a side show. Tesla could be what a future energy company looks like, the Exxon Mobil of the 21st century.
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Austin was considered as a site for the GigaFactory (an alternative to Nevada) and AMZN HQ2. Austin 
for asking subsidy. Want to come, come. Don’t want then go fly a 
As far as Texas is concerned, my way or the highway.
Tesla has long been having issues selling its cars in Texas due to their direct-sale law and car dealer lobbying effort, but now the automaker’s situation is becoming even more precarious in the state as a new bill that could block them from even servicing their cars is being introduced.
Texas is one of the biggest markets in the US that still completely bans Tesla’s direct sale model.
Principles are nice.
But some city/state will gladly handover taxpayer money to get a fancy factory.
We will see. Last time I heard even God Bezos is jealous of all the freebies Elon got.
If Elon didn’t get nothing from Texas and Austin, why must he put the factory there? It’s not employing MIT PhDs in those factories. It’s factory workers making 60K a year. If Reno is good enough, why is Ohio or Tennessee not good enough?
Now you get it. In 10 years many of us will be running 100% Tesla households…no need for PG&E. Solar roof, small power wall, EVs as both transportation and backup for the house. Forget burying power lines and just generate the electricity yourself. Increasing utility rates due to forest fires will help drive the conversion. As people go off the grid the marginal cost of piping in electricity increases driving more people to switch.
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What percent of the country lives where there’s enough sunlight for off grid solar to be viable? I’m guessing it’d be very, very low percentage. Especially if electric cars become the norm, since that’ll only increase household electricity consumption.
For States like Michigan, people should move South during the colder months while waiting for Tesla to come up with more efficient batteries that can be charged during Summer and use for the rest of the year.
Back of the envelope…
California: 40M
Texas: 30M
That’s 70M people in two states, or ~20% of the US population. I’d guess if you add it all up all the small southern states it’s viable for 50% of the population. The bigger problem will be infrastructure (esp. in apartments/multi-family housing) and competing with low cost fossil fuel derived power. As usual CA will be the front runner given our sky high cost of energy.
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Do you know anyone in the Bay Area that’s done it? I don’t know anyone that’s gone off grid. It’s actually more economical to buy panels in a PGE solar farm. They are in optimized places and on motorized mounts that change their direction and angle to maximize electrical production. That still requires the grid to work.
I’m not aware of that many that are completely off grid but many are setup to generate 100% of their power by rooftop solar. It works out to a roughly $20k up-front investment for a typical 3-5 person household. Right now it’s relatively inexpensive to stay connected so there is not much incentive to go off-grid. PG&E limits the amount of electricity that you can sell back to them and has been increasing the charges for transmission, etc. because customers who generate all of their own electricity (and then some, which they buy from the customer) eat into their margins. I suspect that eventually their pricing structure will need to change once everyone has solar and PG&E becomes merely a back-up. When they eventually jack up pricing on their solar customers it could make sense to go off-grid.
Mark Z is repeatedly selling his stocks (Billions), you see what happens to its stock.
If Musk thinks same way, he can easily sell billions (22% stake) and fund the 2.3B, but it will give negative publicity as everyone will run away (fear of founders selling like the way FB not going up).
He is making tiny request of 2.3B and showing token purchase by Musk and Ellison !
Perfect statement, that is why the fall did not long last !
Jim Simons wins again.
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That’s amazing. There was so much uproar about amazon paying less taxes that the entire HQ2 in NY got canceled. Meanwhile, NY bought equipment for Tesla since it makes solar panels.
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