Category Archives: tax credit

Comic Strip #16



Elon Musk’s Growing Empire is Fueled by $4.9 Billion in Government Subsidies

“The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars.”

“The federal government also provides grants or tax credits to cover 30% of the cost of solar installations. SolarCity reported receiving $497.5 million in direct grants from the Treasury Department.”

“They shored up the deal with an agreement to give Tesla $195 million in transferable tax credits, which the automaker could sell for upfront cash.”

“Tesla buyers also get a $7,500 federal income tax credit and a $2,500 rebate from the state of California. “

So I’m not the only car-obsessed mad scientist with a love affair with the IRS. What a small world we live in!

—– Dr. Tony E. Glace-Noire

“Mad science today, mainstream tomorrow!”

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