There is no question that the Tesla Roadster is an impressive, amazing car. If I was able to afford a $110,000 car, I would order it without hesitation. If it is a viable business on the cusp of introducing an affordable, all-electric sedan, then it should have no trouble attracting investors.
The fact that it is having trouble is indicative. The fact that its founders are now seeking federal subsidy tells one everything one needs to know about the viability of an all-electric car.
Taxpayers as individuals have only invested $145 million and have only bought 80 of its expensive sports cars. Why should taxpayers as a group be compelled to pay for what they wouldn’t pony up for individually? This bailout—as well as every bailout before and to come—violates the rights of every individual American taxpayer. We must oppose it any way we can or every faltering company will beg Congress until we the people have nothing left to steal.