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So THAT'S how Tesla has survived...

Posted by $ blarman 5 years, 10 months ago to Business
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I knew there had to be more than investor stupidity keeping Tesla alive for this long. Now we know: they've been selling so-called "green energy" credits on the global exchange - artificially providing investment capital to them while jacking up prices on the traditional automobile.


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  • Posted by Stormi 5 years, 10 months ago
    Obama was the one pushing to give Tesla endless credits and bailouts. AOC is brain dead when it comes to any science. Plug everyone in and their electric bill goes sky high, the power grid goes down, and we are all under complete control by big gov.!That is the goal. Calif. allone would blow the grid in no time, they already need multiple sattes sending them electricity. This whole CO2 emission thing is a hoax for control by big gov. CO2 levels were higher during times before industry. Climate is controlled by the Sun, not Biden or AOC.
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  • Posted by TheOldMan 5 years, 10 months ago in reply to this comment.
    And there will always be sellers...of uncovered call options all the way down :-) Never had the courage to do real short selling but short-term naked calls have been a steady boost for me.
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  • Posted by TheOldMan 5 years, 10 months ago in reply to this comment.
    That used to be the case. A decade or so ago, coal provided about 50%, nuclear 20%, gas 20%, hydro + solar + wind the remaining. Today coal is down to about 25-30% with gas having taken up the slack.
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  • Posted by $ 5 years, 10 months ago in reply to this comment.
    Correct. Few understand how toxic the process is to create the batteries and the mining required for the rare-earth elements is generally carried out by companies who don't really care about the "save the Earth" crowd...
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  • Posted by $ Olduglycarl 5 years, 10 months ago in reply to this comment.
    Only a few understand just how environmentally Unfriendly electric cars are...not to mention, they need stop more for recharges than a gasoline car needs refilling.
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  • Posted by exceller 5 years, 10 months ago in reply to this comment.
    I was thinking of why are they doing it, e.g. being ignorant, since it is glaringly obvious.

    I think it is because they concluded that the sheeple is ignorant and would never understand let alone back anything rational.

    That's why the left hates thinking people and relegate them to the corner of "Nazis", "racists", "Islamophobes", etc.
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  • Posted by $ 5 years, 10 months ago in reply to this comment.
    As much as I'd like to credit her with sheer ignorance, I gave up being that charitable towards elected officials who mouth off all the time. Gross stupidity is willful ignorance and entirely unbecoming of an elected official who puts themselves in the spotlight continuously as she does.
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  • Posted by exceller 5 years, 10 months ago in reply to this comment.
    Shifting the blame would require understanding what to shift.

    In her case, she had no idea how an electric car operates, let alone how the energy used for running it is made.

    Only one of the examples of the reality of ideas coming from the left.
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  • Posted by $ 5 years, 10 months ago in reply to this comment.
    Ignoring the fact that most of the nation's energy needs are supplied by coal-fired power plants - including the electricity being used to power the Tesla. It's just blame shifting.
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  • Posted by exceller 5 years, 10 months ago in reply to this comment.
    Yeah,,

    Cortex said we need electric cars b/c you just plug them in and they don't need polluting gasoline to run on...
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  • Posted by terrycan 5 years, 10 months ago
    I see so many Teslas around Seattle. Sales appear to be strong here.
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  • Posted by exceller 5 years, 10 months ago
    Thanks for the earthshaking info, Blair.

    I never trusted Musk but Wall Street backed him no matter how imbecilic he came across, especially recently.

    He is of the same caliber as Al Gore. Selling fiction.

    There always will be buyers.
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  • Posted by Dobrien 5 years, 10 months ago
    +1 Nice find Blair. Thanks for posting.
    Gore has made many millions trading RIN’s.
    The Evil ones of course steal and loot from a supposed good cause. Create problem loot from the solution.
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  • Posted by mccannon01 5 years, 10 months ago
    So... Tesla. Isn't that the car that is "pollution free" until you plug it in?
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    Posted by freedomforall 5 years, 10 months ago
    So once again, the fedgov has meddled and looted the American people of $2 billion with regulations that no one wants or needs.
    Thanks, Obama.

    GM sells 3 million units per year in the US.
    FIAT-Chrysler sells about 2 million units per year in the US.
    2016 $302 mill in credits sold by Tesla
    2017 $360 mill in credits sold by Tesla
    2018 $420 mill in credits sold by Tesla

    Excellent posting blarman!
    C'mon Gulchers, give blarman some thumbs ups.
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