http://business.financialpost.com/
“In 2015, Tesla sold 2,738 cars in Denmark; in 2016, after the government
said it would be phasing out subsidies, Tesla sold 176 cars, a drop of
94 per cent.”
The fastest-growing industries over the last two decades have been fake industries, those that thrive despite having few customers willing to buy their products except at fire-sale prices.
The fake industries all have the same angel investors — governments — and the same promoter touting their wares — again governments. These fake industries, the brainchild of subsidy entrepreneurs, also tend to be dazzlers, the better to wow their politician backers and the stock market speculators betting on cash flows of government subsidies.
Today’s fake-industry leader is Tesla, the electric car developed by subsidy entrepreneur Elon Musk, who also heads SolarCity and SpaceX, other government darlings. Musk’s genius is primarily in the subsidy-seeking realm — by 2015, U.S. governments alone had given his companies US$5 billion through direct grants, tax breaks, cut-rate loans, cashable environmental credits, tax credits and rebates to buyers of his products.