Elon just admitted something that is getting very little coverage — and no explanation. He announced that Tesla will no longer be selling the “affordable” $35,000 Model 3 he promised would be Tesla’s first mass-market electric car. Like so many of Elon’s…
Is there anything so permanent as a “temporary” government program? To test this question, consider the “Tesla” tax credit, the 13-year-old federal subsidy program for cars that don’t use gasoline. The credit, which allows taxpayers to take up to $7,500 off their…
If electric cars are such a grand idea, why is GM killing off the Chevy Volt? It’s the one electric car that actually did make some practical sense, at least. Four hundred-plus miles without stopping and regardless of the weather (other…
Back in the ’90s, Michael Moore made a movie accusing GM of killing the electric car. He was wrong. The real killer wasn’t GM. It was a tag team of the market — and the government. One of those killers…
Porsches have never been inexpensive — but they’re about to become more so. You could call it the electric surtax — because that’s what it amounts to. And it’s probably going to be applied to us all, eventually. Porsche corporate —…
My teeth and gums are particularly sore today. I read — and relate with sourness — that GM has achieved the miracle of reducing the charge-up time of the 2019 Chevy Volt to “only” 2.3 hours — assuming you can…
Last month, I wrote about Tesla CEO Elon Musk’s contemptuous and breezy dismissal of questions asked by financial analysts about the cash flow situation at Tesla. Would the company need yet another infusion of money to remain afloat? Lame! Next question….
Mandates and subsidies have not only distorted the market for electric cars, they’ve distorted the design of electric cars. Instead of being designed to emphasize their natural strengths vs. IC-engined cars — which we’ll get into shortly — they’ve been offered…
Should the American taxpayer be required to subsidize an industry that could not survive on its own? Following news that President Trump’s draft budget repeals the $7,500-per-vehicle federal tax credit for electric cars, Tesla’s share price took more than a…