Tesla got 2.8 billion since 2007. BYD got 3.8 billion from 2018-2022 alone.
The true genius of Elon Musk is his 'subsidy harvesting strategy,' political science professor says | Fortune
Musk is particularly skilled in collecting money from the government for his companies, Jeb Barnes, a University of Southern California professor, said. Now he’s in a political position where he could bolster that strategy.
Musk has reportedly collected at least $38 billion in funding through government contracts, loans, subsidies, and tax credits that go as far back as 20 years, according to a recent Washington Post analysis. His electric-car maker Tesla has collected $11.4 billion in regulatory credits, per the Washington Post, but most of the funds (via government contracts from NASA and the Department of Defense) are to his rocket maker, SpaceX. A separate ABC News analysis found SpaceX and Tesla were granted at least $18 billion in federal contracts in the past decade.
Tesla to get US$41 billion in government subsidies over made-in-US EVs and batteries
The average selling price of a Tesla car could fall each quarter in the next few years while it keeps its profit margins intact. This is thanks to the generous green energy subsidies in the Inflation Reduction Act that would benefit Tesla and Panasonic the most.
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