Tesla announces new financing plan
Original post made on Apr 3, 2013
Read the full story here Web Link posted Wednesday, April 3, 2013, 9:17 AM
on Apr 3, 2013 at 11:23 am
I'm so glad that, as a taxpayer, I too get the opportunity to help Tesla's customers purchase their product:
"... federal and state tax guarantees that range from $7,500 to $15,000, depending on each state."
plus the $465 million dollar "loan".
Elon - don't worry about the $11 billion or so in your pocket - I've got you covered.
on Apr 3, 2013 at 12:19 pm
I'm ambivalent on this whole Tesla project, especially as regards government loans & tax guarantees that make the cars artificially less expensive. Frankly, I think I could do a better job investing my own money than the government can, and am feeling the bite of higher CA taxes right about now.
I'm sure, however, that there are many who support the government intervention in this nascent sector, so I'm wondering if anyone has data on what the financial payback (not environmental, mind you) will be on this investment?
on Apr 3, 2013 at 3:45 pm
Considering the 50% down Tesla wants just to put your car on order makes this Model S unavailable to almost everyone. Then the remainder would have big payments, like $700/month.
If Elon gives some creative financing, the payments would be humongous or very long-term, which is unhealthy indebtedness.
Musk has stated publicly that he wants to build expensive cars for the upper class so that he does not have to produce a lot of cars, which he would have to due if he built more affordable cars.
Makes his true motivations suspect, no?