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Re: #Tesla pays off government loan nine years early

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Dänk 42Ø

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May 23, 2013, 1:43:52 PM5/23/13
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On Thu, 23 May 2013 05:51:09 +0000, quack:

> http://www.rawstory.com/rs/2013/05/22/electric-carmaker-tesla-motors-
pays-
> off-government-loan-9-years-early/
>
> California automaker Tesla Motors announced Wednesday it had completely
> paid off a Department of Energy loan nine years earlier than originally
> required.

The electric sports car Tesla Motors sells costs $150,000. Your position
is that bourgeois pigs who can afford to buy luxury cars should have
their fortunes confiscated by the State and then ground up into Soylent
Green to feed aging hippies like you whose 1984 Yugo* broke down years
ago.

The Tesla Roadster is a rich man's toy, nothing more. It's nice that an
American company can profit from selling toys, but I don't see why the
should get public money to make something that doesn't benefit society at
large.

If there really is a demand for expensive toys, private investors will
happily provide financing for such an obviously profitable venture. The
reason Tesla sought government funding is because it and the market were
not sure it would be profitable. Tesla got lucky, and if it were wrong
and failed you would still be defending the government's decision.

*
[Note: I visited Serbia several years ago and saw older Yugo/Zastava
automobiles everywhere, and they seemed to be running just fine, higher
quality and cheaper than cars made by the U.S. Government Motors company.]

Zepp

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May 23, 2013, 3:08:36 PM5/23/13
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On Thu, 23 May 2013 12:43:52 -0500, Dänk 42Ø wrote:

> On Thu, 23 May 2013 05:51:09 +0000, quack:
>
>> http://www.rawstory.com/rs/2013/05/22/electric-carmaker-tesla-motors-
> pays-
>> off-government-loan-9-years-early/
>>
>> California automaker Tesla Motors announced Wednesday it had completely
>> paid off a Department of Energy loan nine years earlier than originally
>> required.
>
> The electric sports car Tesla Motors sells costs $150,000. Your
> position is that bourgeois pigs who can afford to buy luxury cars should
> have their fortunes confiscated by the State and then ground up into
> Soylent Green to feed aging hippies like you whose 1984 Yugo* broke down
> years ago.

The new ones are retailing for about $50K. And the price will keep
dropping, especially since we'll all save money eating soylent green.
(Honestly, do you forget to take your meds or something?)
>
> The Tesla Roadster is a rich man's toy, nothing more. It's nice that an
> American company can profit from selling toys, but I don't see why the
> should get public money to make something that doesn't benefit society
> at large.

Internal combustion engines started out as rich man's toys, as did
telephones and computers.
>
> If there really is a demand for expensive toys, private investors will
> happily provide financing for such an obviously profitable venture. The
> reason Tesla sought government funding is because it and the market were
> not sure it would be profitable. Tesla got lucky, and if it were wrong
> and failed you would still be defending the government's decision.
>
Private investors are timid, and unwilling to pay for much that doesn't
have returns in 90 days. New pharmaceuticals can be as profitable as
hell, but the government still does about 85% of the basic research.
> *
> [Note: I visited Serbia several years ago and saw older Yugo/Zastava
> automobiles everywhere, and they seemed to be running just fine, higher
> quality and cheaper than cars made by the U.S. Government Motors
> company.]

So why aren't you driving one?

Dänk 42Ø

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May 23, 2013, 4:00:47 PM5/23/13
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On Thu, 23 May 2013 19:08:36 +0000, quack:
Because my Hyundai is still running just fine. Hyundai has become one of
the largest and most profitable automobile companies in the world because
it makes quality vehicles that people want at reasonable prices.

Hyundai not only does not require a government bailout, it is punished
for its success, forced to pay taxes that go to subsidize its
competitors. Yes, Hyundai is South Korean company, but most of the cars
it sells in the USA are manufactured at American plants, whose American
American workers seem at least as deserving of subsidized wages as
Chrysler workers. Progress!
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