Tesla Mentioned in the Presidential Debate

Tesla Mentioned in the Presidential Debate

Governor Romney mentioned Tesla in a negative tone tonight in order to discredit this Administration's interest in alternative energy. If he becomes President, will that mean that federal tax credits, and the DOE loan will be called to a halt?

prash.saka | 6 October, 2012

@sagebrushnw, technically no. It isn't Romney's money till it comes to his back. And only the taxed paid 'after' the money comes to his bank are his txes. The money that was taxed at a higher rate belongs to the company (or companies in which Romney invested).

When the money changes hands, from the companies to Romney, then it is Romney's money. Romney can't claim the first tax paid by the invested-in companies; he can claim only when it comes out of his bank account.

~ Prash.

Brian H | 6 October, 2012

Yep, Romney raided and stripped those companies. Of course, the alternative was bankruptcy for them. Hard choice -- not!

BYT | 6 October, 2012

Companies can and have still operated while under bankruptcy protection so it's not so black and white BH.

pilotSteve | 6 October, 2012

@walla2 - fyi some us have not yet finalized our 2011 returns! In my case I (over)paid an estimated tax amount in April 15 and placed the return on extension. Why? when one has investments that are professionally managed the K-1s often are not even mailed by them until September. Then my tax preparer has to crunch the final numbers and be ready to file the finished return Oct 15.

Much of modern life is not simple. Applies to politics too: not easily distilled into sound bites and slogans, at least not if you want accuracy and a "final" answer.

Brian H | 6 October, 2012

True, but they're still under the gun to rationalize and get profitable, and on a short leash. GM's bailout broke just about every rule, guideline, and law on the books, e.g.

BYT | 7 October, 2012

I didn't say that some companies deserve to close their doors, just not all do. :)

jerry3 | 7 October, 2012

No progress is ever made if new things aren't tried. New things often don't work. It's expected that more than half will fail. Generally the ones that make it more than compensate for the ones that don't.

roseland67 | 7 October, 2012


A politician admitting wrong? Dude, what are you smoking and where can I get some?

Correct me if I'm wrong here amigo, but
1 day after you posted, Romney went national on MSNBC
saying. "I was wrong about the 47%".

I don't smoke, but my 60+ years of living in the states
has showed me that if a politician can get more votes than he loses, he will do just about anything, including admitting wrong.

Tiebreaker | 7 October, 2012

Ford got $5.9 bIllion from the same program. Why nobody whines about it?

jerry3 | 7 October, 2012


The whiners got their cut perhaps?

Brian H | 8 October, 2012

Just to keep driving the point home, you should really have said, "Ford borrowed 5.9 billion under the same program."

Just sayin'.

Vawlkus | 8 October, 2012

Brain: unless lazarus runs on an iphone, it wouldn't do me any good.

And no, I haven't bothered to find out.

Tiebreaker | 8 October, 2012

Ford got $5.9B the same way Tesla got $0.465B. Just leveling the field for the whiners.

nvjx | 8 October, 2012

There is a 50% chance that Romney may become the next president. Along with the Republican congress he will definitely do away with the $7500 rebate on electric cars. Unless Tesla reduces its base price by the same amount, it will make the car too expensive for many. I wonder if Tesla will be able to survive without the rebates. If it doesn't, what are we (who have spent over $100 grand) going to do with our cars for service and parts? This worries me a bit.

mrspaghetti | 8 October, 2012


I disagree. I think for the market Tesla is targeting with the Model S, a $7500 rebate is not going to price out too many of their customers. Some, but not enough to make a difference at this point.

Consider that luxury sedan buyers regularly buy ICE cars with equally high sticker prices, but which are inferior in many ways to the Model S' performance and features. And then take into account the reduced real cost of ownership from the price of gas over the life of the car.

Right now and for the next year or so at least, there are people lined up to buy the car as fast as they can be produced. If a few people peel off the queue, they're most likely going to be 40kwh buyers, and their place will be taken by those buying the more expensive models. So the short-term impact to Tesla's bottom line will be negligible.

By that time there will be enough of them on the road to 'sell themselves', assuming they continue to be as great as all the reviews and early buyers keep saying.

Brian H | 8 October, 2012

The rebate is already limited to the 1st 200,000 sales by any maker, anyway. Of course, only TM has a prayer of selling that many of models currently on offer.

jkirkebo | 9 October, 2012

Also the tax credit only matters to US sales. Canadian and EU sales will not be impacted by tax credit removal.

nvjx | 9 October, 2012

I hope for our sakes that you guys are right! I would hate to be the owner of the next $113000 DeLorean. (By the way that is what I am paying out the door for my car and I don't qualify for the rebate because I am retired and most of my income is from tax free investments.)

mrspaghetti | 9 October, 2012


Have you considered withdrawing the money to buy the car from an IRA? That might give you enough of a tax bill to get the credit.

Check with your accountant.

GLO | 9 October, 2012

I beielve the "rebate" is actually a tax credit against your taxes. Correct me if I'm wrong...

mrspaghetti | 9 October, 2012


yes, that is correct