Posts Tagged ‘Tesla’


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Government No-Fire Zone Abuses Taxpayers


Tuesday October 17th, 2017   •   Posted by K. Lloyd Billingsley at 4:50am PDT   •   2 Comments

“Tesla fired hundreds of workers this week, including engineers, managers and factory workers,” reported Louis Hansen of the San Jose Mercury News. “Little or no warning preceded the dismissals,” which came after performance reviews, as the company struggles to produce its Model 3 sedan, for which 450,000 customers are waiting. Overall, Tesla showed the…
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Tesla Tags Taxpayers for $4.9 Billion


Wednesday November 25th, 2015   •   Posted by K. Lloyd Billingsley at 5:16am PST   •   0 Comments

Volkswagen grabbed headlines with its diesel fakery but the German auto giant is not the only car company that deserves attention these days. As Breitbart notes, Tesla Motors “issued a voluntary worldwide recall to inspect every one of the 90,000 Model S cars the company has ever built.” This is the vehicle that, as…
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Tesla Loan Payoff No Boost for Stimulus


Friday May 24th, 2013   •   Posted by K. Lloyd Billingsley at 8:00am PDT   •   5 Comments

Tesla Motors Inc. is paying back its government loan of $465 million in full, and nine years early. This is being billed as “a huge boost for the Obama administration and clean energy firms.” Actually it isn’t. It is customary to pay back loans in full, so that is hardly a news item, and…
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Fed Energy Plan Good Car-ma for Tesla Boss


Monday January 7th, 2013   •   Posted by K. Lloyd Billingsley at 7:54am PST   •   10 Comments

Millions of Americans are bracing for fiscal cliff fallout, looking for jobs, postponing purchases and cutting back on spending. Not so Elon Musk, CEO of Tesla Motors. As the Los Angeles Times noted, Mr. Musk just plunked down $17 million for a 20,248-square-foot Bel-Air mansion with a gym, seven bedrooms, 10 bathrooms, tennis court,…
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Another U.S. Government “Green” Corporate-Welfare Failure, This Time via Finland


Saturday December 31st, 2011   •   Posted by David Theroux at 6:39pm PST   •   9 Comments

Christopher Jensen reports in the New York Times on yet another disaster from the massive U.S. corporate-welfare (i.e., pork) for “green” cars, this time luxury vehicles for the uber-rich: Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard, according to a report filed with the…
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