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Reply to "Commerce Secretary Lutnick Hawking Tesla Stock"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lutnick goes on Fox and urges viewers to buy Tesla stock as it will never be this cheap again. I don’t have any words except how dire Elon’s circumstances must be that he is resorting to this sort of nonsense.[/quote] Didn't President Biden give $12B in grants and loans to the Big 3 and their suppliers to retrofit their plants to manufacture electric vehicles and other advanced vehicles?[/quote] You are off by an order of magnitude. And it was spread across a wide variety of companies and suppliers https://www.pbs.org/newshour/politics/biden-administration-awards-1-7-billion-in-grants-for-electric-vehicle-manufacturing-in-eight-states I will say it’s unclear to me why Biden excluded Tesla from the EV summit. Can a sane person explain what happened there?[/quote] Tesla was excluded because they'd already been producing EVs for years (and had received massive tax benefits from doing so). Biden was trying to encourage a more widespread manufacturing base.[/quote] I mean they could have invited Tesla to serve as an advisory role and just not get new grants, but perhaps that is weird to help competitors even if helps common good?[/quote] They should have sought advice from the company that makes the most dangerous car since the Pinto? [/quote]
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