Field of EV Dreams: “If you subsidize it, they will come … but only if you subsidize it.”

“Tesla Motors co-founder Elon Musk has a habit of making products that people don’t want.

They are often too expensive (flights to Mars for $6 million and “a good chance you will die”); wildly impractical (a submarine too large to rescue the Thai soccer players trapped in a flooded cave); or both (the $140,000 Tesla Model X P100D “with Ludicrous Mode”).

But despite his penchant for expensive and wildly impractical products, Elon Musk manages to keep his various enterprises afloat through generous government subsidies. According to The Los Angeles Times, Musk’s three largest companies—Tesla Motors Inc., SolarCity Corp. and SpaceX—have benefited from an estimated $4.9 billion in government support.”

Read more at Keep it Grounded in Fact.

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