The speaker discusses the topic of electric cars, specifically Tesla, and their subsidization. He initially expresses skepticism towards electric cars, preferring older, used cars like the 1985 Bronco. However, he mentions that his wife wanted a Tesla for its self-driving features.
Despite his initial resistance, the speaker admits that he has driven a Tesla and was impressed by its performance. He also mentions that Tesla has received significant subsidies, with $0.4 billion in direct subsidies and an additional $7500 tax credit for each electric vehicle sold. He points out that while Tesla has paid back its loans with interest, General Motors, Ford, and Chrysler have not fully repaid their loans.
He also discusses the autopilot feature of the Tesla, which he found impressive. He mentions that he drove a Tesla with the Hodge twins and later bought one for himself. He concludes by saying that his mind has been changed about Tesla, despite his initial skepticism. He encourages viewers to subscribe to his channel and to check out his full show on louderworthcredit.com.
1. The speaker initially expressed skepticism about electric cars and Tesla, stating that they preferred to buy an old vehicle rather than a new Tesla. [Document 1]
2. The speaker mentioned that electric cars are not necessarily better for the environment than buying a used car. [Document 1]
3. The speaker criticized Tesla's battery technology, stating that mining for the minerals used in lithium-ion batteries is difficult and that the batteries are often left in the earth for a long time. [Document 1]
4. The speaker expressed opposition to subsidies for electric cars, including Tesla, stating that such subsidies are an unfair advantage for companies that would not exist without them. [Document 1]
5. The speaker mentioned that Tesla received $0.4 billion in subsidies, but has paid it back with interest. [Document 2]
6. The speaker compared the subsidies given to Tesla to the $80 billion bailout given to the "big three" American car companies (GM, Chrysler, Ford), arguing that the subsidies to Tesla were more beneficial because they were paid back and created new jobs. [Document 2]
7. The speaker discussed the tax credit of $7500 given to electric vehicle manufacturers, arguing that it is not a subsidy but a tax incentive that is beneficial to all electric vehicle manufacturers, not just Tesla. [Document 3]
8. The speaker stated that Tesla has been successful in paying back the loan with interest and no longer receives the tax credit, unlike GM, Ford, and Chrysler who have not fully paid back the loan and still receive the tax credit. [Document 3]
9. The speaker mentioned that Tesla's autopilot feature is impressive, stating that it is more fun to drive a Tesla than any other car they have driven. [Document 4]
10. The speaker concluded by stating that they have changed their mind on Tesla after driving one and experiencing its autopilot feature. [Document 4]