Tesla Motors Inc (TSLA) Is Not a Success Story: Jay Hansen

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In an article on The Week, Jay Hansen said that Tesla Model S is the perfect depiction of what Tesla Motors Inc (NASDAQ:TSLA) can do and innovate in the coming years. Tesla Motors Inc (NASDAQ:TSLA) has around 8% of the luxury car market in the North America. The company is endeavoring in numerous domains of the car industry. Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk is looking at emerging markets as well. Because of its benefits, Tesla Motors Inc (NASDAQ:TSLA) receives major subsidies and benefits from the US Government. These subsidies and hefty money grants from the American government is, Hansen thinks, the problem for the American economy.

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Tesla Motors Inc (NASDAQ:TSLA) got $465 million aid which saved it from bankruptcy in 2009. Taxpayers suffered in this deal. They only received 2.6% loan on interest. Although Tesla Motors Inc (NASDAQ:TSLA) paid the loan back before the promised time, the company’s success is painted as its efforts from scratch and people are forgetting the fact that the company got a big loan from the government to avoid death.

Carbon taxes is another area where Tesla Motors Inc (NASDAQ:TSLA) is being bestowed upon lavishly by the US government. The government forces carbon creators to buy zero emission vehicle (ZEV) credits from Tesla.

The source thinks that the US government is helping Tesla Motors Inc (NASDAQ:TSLA) massively to build a monopoly around the electric car market. After some calculations, Hansen proves that Tesla Motors Inc (NASDAQ:TSLA) got $6,485 on each vehicle in the ZEV and carbon taxes. He said that Tesla Model S is one of the exquisite and perfect luxury cars but the Tesla Motors Inc (NASDAQ:TSLA) Company is not a success story.

Daniel Benton’s Andor Capital Management is one of the shareholders of Tesla Motors Inc (NASDAQ:TSLA), having around 1.25 million shares of the company.

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