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Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan

Apparently German government officials have finally woken up to the realization that it’s utterly ridiculous to use tax revenue generated primarily from middle and low-income households to fund subsidy payments to rich people buying $100,000 luxury sports cars.  As Business Standard notes this morning, the German Federal Office for Economic Affairs and Export Controls announced […]


Tesla Reportedly Preparing To Open Factory In Shanghai

As Tesla falls further and further behind in its quest to produce 10,000 Model 3 sedans a week by the end of next year, WSJ reported Sunday that, after months of talks with local government officials, Tesla has finally received permission to open a factory in Shanghai, one of China’s designated “free trade zones.” If […]