The U.S. being the most important player for the Environmental, social, and governance(ESG) movement, hasn’t found it’s CORPORATE welfare footing. The concept for this cradle to grave “green” energy welfare scheme is to make “green” energy viable in the marketplace.
Well, Germany hasn’t been able to do it, China is obviously disinterested in doing it, and Elon Musk, who has tried, has clearly come to the realization that without Carbon taxes and other government regulations that favor his automobiles, Tesla Inc. is a BANKRUPT business.
Other automakers have trying to benefit from ESG regulations have tried to take market share from Tesla, however, their because the ENTIRE EV market is shrinking, that share is shrinking along with it.
It looks like the electric vehicle market may soon reach its peak unless more government resources are DEPLOYED to help save it. Why Joe Biden is mentioned in the title of this video has to do with BIDENOMICS, being a complete failure for the entire economy.
Joe Biden who is an embarrassment of a president, appears to imagine that no matter what he does Bidenomics works, which just isn’t true. Most Democrats, have a very LOW IQ when it comes to the economy, however Biden has taken stupidity to a entirely different level.
Personally I think the real problem is that a lot of different special interest groups of DIRECT access to the top players in the Biden administration, and because Biden’s entire administration appear to have extremely low financial IQ’s I think it’s a matter of Biden being a PUPPET for special interest groups.
Why this is BAD for Tesla is because the entire EV market is reliant on CORPORATE welfare, and Bidenomics is resulting in LESS revenue for the government to REDISTRIBUTE, as borrowing COSTS for the Biden administration are at historic highs.
If you’re struggling to comprehend the coalition, you have to remember that a large chunk of Americans are 100% reliant on government money to survive, and if their purchasing power is DWINDLING, it means they have fewer dollars to not only INVEST in tesla, but to also RISK purchasing Electric Vehicles which have proven to DECLINE rapidly after purchase.
You have to remember that EVs are 100% reliant on lithium batteries, and then you have to have an honest conversation about AUTOMOBILE INSURANCE for Electric vehicles, which is prohibitively more expensive because crashing your EV, for example, equates to it being a write-off.
Lithium is very explosive; I’m not going to claim that EVs catch fire easily; however, if they do catch fire, it’s a huge problem for the fire department. There are inharant problems in EVs that owners tend to find out AFTER they’ve made their EV purchase.
Now, if you’re wealthy, all problems that come with EVs aren’t important, but if you’re middle class, an EV purchase could bankrupt you. So if you’re an investor at Tesla Inc. and Bidenomics isn’t benefiting you, you’re questioning your investment at this point.
Interesting times ahead