Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Contact
Ace:aceofspadeshq at gee mail.com Buck: buck.throckmorton at protonmail.com CBD: cbd at cutjibnewsletter.com joe mannix: mannix2024 at proton.me MisHum: petmorons at gee mail.com J.J. Sefton: sefton at cutjibnewsletter.com Recent Entries
Daily Tech News 21 December 2024
Just The ONT, Ma'am Giant Animals Cafe Quick Hits Democrat Strategist Ruy Texiera: The Public Gave the Democrats a Clear Message About Their Rejection of Identity Marxism, But the Democrats Don't Want to Listen Kamala Harris To Be Offered $20 Million in a Media Payoff Disguised as an "Advance" on Book Royalties Plus: Media Makes Excuses for Covering Up Biden's Obvious Senility AGAIN: A Car Plows Through a German Christmas Market at a Very High Speed, Sending People Flying Like Bowling Pins, Killing an Unknown Number David Samuels: Barack Obama Created and Maintains an Echo Chamber Messaging System That Deranges and Perverts People's Thinking Every Day LOL: MSNBC Reportedly Demands That Joy Reid, Stephanie Ruhle Take Pay Cuts to Keep Their Jobs Slimmed-Down Version of CR Fails, With 38 Republicans Voting Against It Absent Friends
Bandersnatch 2024
GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
|
« Mid-Morning Art Thread |
Main
| Fox Fires Producer For Running Chyron Calling Biden a "Wannabe Dictator" Who Arrests His Political Opponents »
June 16, 2023
THE MORNING RANT: Distorted Markets - Tesla’s Amazing Revenue Stream from EV Credits; Also, Things Keep Getting Worse for RivianWhenever I write about electric vehicles, I receive emails from EV enthusiasts advising me to “educate yourself” about EVs, and challenging me to explain why Tesla is so successful if EVs are so awful. As I’ve often stated, I would have no quarrel with Tesla (or any other EV) as a luxury/boutique product for the affluent, if leftists weren’t trying to outlaw internal combustion cars for the rest of us. But since I’ve been challenged to “educate myself” about Tesla’s success, I’ve taken a deeper look, and what I see is Tesla pulling in about $12,000 per unit from sources other than their paying customers, all due to market distorting forces imposed by government dictates. By being all-electric, Tesla earns various government credits for exceeding arbitrary thresholds on carbon emissions and EV sales. These arbitrary thresholds are set by the climate communists that control California and other left-wing governments. Other auto manufacturers who don’t sell many EVs can be fined or prohibited from doing business in those locales for not meeting those thresholds. So instead, they are paying Tesla for its excess credits to remain compliant with the laws of those states. How much is Tesla earning this way? There are two kinds of credits Tesla is selling: 1) ZEV (Zero Emissions Vehicle) Credits Teslas also qualify for $7,500 of federal tax credits for each unit sold. Here is how it adds up: ZEV Credits = approx. $3,500 per Tesla sold This totals up to $12,350 per unit! So, above and beyond the cash that comes from the Tesla customer who buys a new EV, Tesla will also receive an additional $12k from other manufacturers and from your tax dollars. What this really means is that when you buy your preferred mass-market gas-powered vehicle, even in a sane state like Tennessee, part of the price you pay is the vigorish that will flow to Tesla to allow your car’s manufacturer to continue to sell ICE (internal combustion engine) vehicles in California and similar states. And as for that $7,500 of federal tax credit, the next time some phony ”budget hawk” in a think tank or in Congress starts to talk about “cutting entitlements” due to the budget deficit, please tell him to first stop sending my tax money to Elon Musk and his affluent customers, then maybe we can talk about entitlements. Before I continue with my rant, here a few quick links supporting my figures. Tesla Carbon Credit Sales Reach Record $1.78 Billion in 2022 Tesla sold 1.31 million new cars in 2022, so this $1.78 billion in carbon credit sales equals about $1,350 per unit. The $3,500 per unit for ZEV credits comes from this article in Teslarati, quoting Automotive News. Tesla booked about $2.1 billion in revenue from credit sales in 2021 and Q1 2022. And while the value of a ZEV credit could be flexible depending on demand, it appeared that Tesla averaged about $3,500 each, according to Auto News. These are the electric vehicles that qualify for a $7,500 tax credit Now back to my rant… Those who argue that all other manufacturers can do exactly what Tesla is doing are wrong. That $12k per unit evaporates if/when all vehicles are electric, since there would not be an ICE manufacturer needing to buy such credits. Nor would the government need to keep paying car buyers $7,500 per unit to buy EVs once there is no longer the preferable alternative of an ICE car. In addition, the threshold for EV market share is rising in those communist states, thus reducing the ability to generate future credits for exceeding it. California is raising the minimum market share of EVs to 35% by 2026, 68% by 2030, and to 100% by 2035, which means that Tesla’s EV credits are going away. To ensure enforcement, state officials could penalize manufacturers that don’t meet their yearly percentages with hefty fines of $20,000 for every car they fail to produce in a given year, according to air board staff. Automakers that fail to meet those requirements would need to get credits from another manufacturer that already met their targets. That $20k per unit fine paid to the state of California is going to be spread over gas-powered vehicles sold in the rest of the country, driving up the price in all 50 states. This will further distort the marketplace, and make reliable transportation even less obtainable for the poor. It is exasperating to hear anyone claim that Tesla is a free market success story. No, Tesla is a niche product that has obtained unprecedented regulatory favor. Other businesses (e.g. ICE car manufacturers) who do not even want to compete in Tesla’s line of business (EVs) are forced to pay millions of dollars to Tesla for the privilege of not competing with Tesla. That’s what EV fanboys call a “market economy.” Gov. Brian Kemp’s Rivian Boondoggle Keeps Looking Worse Since we’re on the topic of EVs today, let’s take a quick look at Rivian, the EV startup that seduced Governor Brian Kemp into the biggest tax giveaway in Georgia history. Things are not looking good for Rivian. A few years ago, the fawning media coverage of Rivian focused on its tens of thousands of pre-orders. Rivian Faces an Insurmountable Wall of Electric Truck Pre-Orders [12/31/2021] While the company has over 70,000 R1T pre-orders on its plate, customers only pay a $1,000 refundable deposit to reserve their vehicle. And that brings us to Rivian’s second, very big problem; it can’t make cars fast enough. That word “refundable” is kind of important. The pre-orders have apparently bailed, because Rivian is now begging potential customers to come to its Illinois car factory and buy an EV on the spot. No wait. Saturday, June 17, Rivian is opening the doors of its service center in Normal, Illinois to the public for a “Same Day Delivery Sales Event.” The event will take place all day to entice prospective Rivian customers to come check out the space and hopefully take delivery of a new R1T. If there were a backlog of pre-orders to fill, Rivian wouldn’t be trying to get people to come to the factory and make these trucks go away. And if the Illinois plant is already producing more Rivians than customers will buy, there will not be a new plant in Georgia. Sorry, Governor Kemp. You’ve been had. Here’s another possible way to make a Rivian go away…plug it into a charger. Rivian R1T EV Pickup Combusts at Electrify America Charging Station [Motor Trend – 6/06/2023]
Commenter “dhmosquito” provided this helpful photo of the quickest way for a Rivian to travel across Wyoming. It might be the safest way too.
[buck.throckmorton at protonmail dot com] | Recent Comments
pawn (on his new laptop!!!):
"So would you rather have him hanging out and messi ..."
IRONGRAMPA: "Good morning, good people, from the Frigidrondacks ..." publius, Rascally Mr. Miley (w6EFb): " Darn, missed the solstice. It was at 09:21Z, 4: ..." Skip : "Have snow ground cover hete ..." Aetius451AD: ""Disclaimer: Posted slightly early because I'm goi ..." Grumpy and Recalcitrant[/i][/b]: "@18/Colin: *looks at calendar* Well whattya know ..." Mr Aspirin Factory, red heifer owner: "Good Morning. Much driving today ..." Just Wondering : "Birdbath status? ..." Colin: "Happy winter everyone..... If congressional leade ..." Buzz Adrenaline: "Horde mind. ..." Grumpy and Recalcitrant[/i][/b]: "And now I'm awake enough to see that Buzz made the ..." Village Idiot's Apprentice: "G'morning, all. I believe that Pixy has dieta ..." Recent Entries
Daily Tech News 21 December 2024
Just The ONT, Ma'am Giant Animals Cafe Quick Hits Democrat Strategist Ruy Texiera: The Public Gave the Democrats a Clear Message About Their Rejection of Identity Marxism, But the Democrats Don't Want to Listen Kamala Harris To Be Offered $20 Million in a Media Payoff Disguised as an "Advance" on Book Royalties Plus: Media Makes Excuses for Covering Up Biden's Obvious Senility AGAIN: A Car Plows Through a German Christmas Market at a Very High Speed, Sending People Flying Like Bowling Pins, Killing an Unknown Number David Samuels: Barack Obama Created and Maintains an Echo Chamber Messaging System That Deranges and Perverts People's Thinking Every Day LOL: MSNBC Reportedly Demands That Joy Reid, Stephanie Ruhle Take Pay Cuts to Keep Their Jobs Slimmed-Down Version of CR Fails, With 38 Republicans Voting Against It Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |