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Is there any question that most Libtards flunked math?
d2d
Member Posts: 3,109
For all the supposedly smart people I went to law school with, I never ceased to be amazed that almost all of them were completely deficient in math, to the point that they freaked out at the thought of adding three numbers together. Is there any question that these same idiots brought us the monorail and green energy?
Nevada Bets Big on Batteries, Seems Set to Lose
Nevada Bets Big on Batteries, Seems Set to Lose
RENO, NEVADA-- In Nevada, the House always wins. That’s why they build massive casinos: to collect money from gamblers–who are unofficially known in the state as “suckers.”nevada-bets-big-on-batteries-seems-set-to-lose/
Ah, but gambling on slot machines isn’t the only way to lose money in Nevada. The state is going to gamble on batteries, and also looks set to lose a ton.
Last year, Tesla declared it will build the world’s largest battery factory, near Reno. Tesla calls the facility a “gigafactory,” and says it will manufacture lithium cells to power its cars. It also promises to hire 6,500 employees.
But that number is a real gamble for the state.
For one thing, there’s no indication that Tesla will survive. Founder Elon Musk says he doesn’t expect the company to make any money until around the year 2020. If it goes the way of Solyndra before then, Tesla would take a lot of potential jobs down with it.
And even if the company turns into the next General Motors (circa 1955), Nevada probably won’t see much benefit.
To get Tesla into the state, The Washington Post reports, Nevada gave the company “a $1.3 billion incentive package to build its factory.” State taxpayers are now subsidizing the factory “at a rate of $190,000 per job.”
The Census Bureau says the median household income in Nevada is about $50,000. If each job created pays that much, and the state could somehow collect 10 percent of each salary each year in taxes (The state has no income tax.), it would still take almost 40 years to collect $190,000 from each employee, and thus break even on the deal.
What are the odds this factory will still be there, pumping out batteries, in 38 years? Those odds are certainly stacked against state taxpayers.
Nevada is gambling on a sector–energy–that even experts often misjudge. Just a year ago, it would have seemed absurd to bet on $2.50 gasoline. Yet here we are.
What will the market for big batteries look like in a decade? Only a sucker, or a government, would bet on that.
Comments
1. Musk's efforts to produce high performance batteries. I'm not sure anyone can argue this is a bad thing.
2. Nevada's incentives. I've seen bloated incentive numbers too many times to believe best (or worst) case scenarios.
At the end of the day, this die hard conservative is all in on what Musk is trying to do.
HTH
And who gives a fuck if they aren't profitable for 5 years. If you knew anything about business, you'd know that's typical. Businesses don't just start up and become profitable.
Fuck you are stupid.
Oh yeah, that's right. You gotta do something before you can fail.
Derek won't let me poaste pics of yo man's more recent failures.
Lol your incessant hate for Obama is clear. But keep blaming Obama for everything, even shit he has nothing to do with.
Obama caused that Nepal earthquake.
Sure it could fail, but the Tesla home battery is around the corner as well.
I would research the dude.
Check out #6
Expanding on that a key variable is that Musk is a BILLIONAIRE while Solyndra's backers were cronies of the Obama admin (they were fundraisers for his 2008 run & Obama paid them back 2 years later) so their ROL (Return on Lobbying) was fantastically high. Has Elon Musk raised money for Nevada State Senators, House Reps, or for the Governor?
As for what Musk / Tesla is doing, I think it's brilliant and wished I had the foresight and money to do it. Can one imagine how impressed the Ancient Romans would've been with creating electricity from the sun and then being able to store it at one's residence for future use? This is really big stuff and could displace more oil use so that we can export more, burn less of it ourselves, and perhaps even lead to lower electricity prices (not in Seattle because SeattleCityLightFS and bloated).