Summary

On the 1Q earnings call, Elon Musk delivered an impassioned plea that the federal electric car subsidies hurt Tesla relative to other automakers.

Pro tip to U.S. Congress and President Trump: Here’s a subsidy that the alleged beneficiary is effectively begging you to abolish.

As it stands, after the first 200,000 cars, there is an unlimited number of subsidies available, constituting an unlimited multi-billion-dollar exposure to the federal budget.

For the sake of all that is fair and budget sound, this electric car subsidy must be abolished immediately, saving the federal treasury billions.

All electric car subsidies and mandates also induce malinvestment by other automakers, generating losses and eventually plant closures.