“So what? No big deal…right? Billions invested, billions lost, what goes up, comes down. Well, that would be true if it weren’t for that fact that billions and billions of the money had come from the American taxpayer…not just venture capitalists. Solar City and Tesla have taken more than $4.9 billion in subsidies from federal and state governments. Like an exploding SpaceX rocket, all that money is up in flames.
Both Tesla and Solar City have failed to bring their product successfully to the marketplace and actually achieve a market share….”
The Center for Business and Responsible Government (CBRG) is a non-partisan organization dedicated to highlighting cronyism and its effect on American taxpayers and policy. We believe public officials should establish an even playing field for all businesses to compete in the marketplace, not just those special interests who line their pockets.