Are you straining at nits while missing the caravans of camel-ly goodness? I am amazed that the US Congress passed such a good bill to:
- fight climate change
- reduce reliance on fossil fuels
- bring relevant manufacturing to the US
- help the working class
- (all of which bolsters our national security)
There's been a truckload of politics surrounding the bill mostly based on the the idea everything the
other party does is pure evil while everything we do is pure gold. I learned a lot about the bill from these two videos:
Talking Climate with Administrator of the EPA, Michael Regan
Going Deep on the Climate Bill with Hank Green and Jesse Jenkins
I hope you're already familiar with Tony Seba's talk:
the Great Disruption - Rethinking Energy, Transportation, Food & Agriculture. IMO this talk provides perspective for how important this climate bill is and how important it will be to keep the US competitive during the coming disruptions. Before the bill passed I had pretty much given up hope for the US to address the issues above because partisan gridlock was stalling most real progress. In many ways this bill is significantly better than the BBB bill it was based on.
And, as others have probably already said, this bill may help accelerate Tesla's growth to become the biggest company in the world by a large margin. I don't think this will make Tesla look bad, instead it should help demonstrate that the US government can be useful, can do good things, and can help save the world.
If nothing else (and there's a lot else) the bill seems to have been extremely well crafted. And there has already been a large shift -- bringing battery manufacturing to the US -- since the bill passed. This is what Elon asked the US government to do. I see Tesla moving manufacturing to the US but I don't hear Elon complaining about the bill. His (relative) silence and Tesla's praise speak volumes:
We view the passing of the Inflation Reduction Act as a significant boost towards accelerating our mission while also scaling the battery supply chain at large in the United States.
While I rated your post 'funny' for all the reasons below, it is still exciting to me to see that the TMC's Investor Forum is perceived by others to have become influential enough over the years for people to feel compelled to deposit their best efforts of what looks more like the highlights from a mid-term campaign debate here. And a pretty good one at that:
"I am amazed that the US Congress passed such a good bill......"
"help the working class"
"If nothing else (and there's a lot else) the bill seems to have been extremely well crafted"
"
And there has already been a large shift -- bringing battery manufacturing to the US -- since the bill passed"
But this is laid on so thick it begins to sound more like a GM/UAW 'pumping effort' had an ugly baby with a Trump speech just in time for mid-terms than just an everyday TMC post:
You did,
Mary Joe.
You electrified the entire automobile industry Made America Make Batteries Again (MAMBA). I'm serious.
You led — and it matters — in drastically improving the climate ...
In the last decade of following this forum I have observed VW trolls after diesel-gate, and fossil fuel industry trolls, and TSLAQ trolls, and TSLA Shorts, and even TSLA stock pumpers being challenged by TMC members - so please don't be offended by my response. If it walks like a duck, or if it looks like a campaign ad or a TSLA smearing effort that could be posted all over the internet, it just might be. It is also in the spirit of the TMC board to not let history be rewritten here, regardless of whether it is accident or on purpose, and regardless of any benefit to either side of the aisle. It helps keep this board grounded. Perhaps we could start with your comment that:
"This is what Elon asked the US government to do" (regarding the Inflation Reduction Act)
If I recall correctly......ummm.....no. Elon was very clear that Tesla did not need these incentives, a message that was consistent with his libertarian perspective. And he has been consistent regarding the solution that he much prefers, which is a Carbon Tax. He unsuccessfully pushed the Trump administration for a Carbon Tax in 2017. And he similarly pushed the Biden administration to implement a Carbon Tax to help accelerate the shift to renewable energy, to which the Biden administration responded that would be "too politically difficult", despite holding a sweeping majority.
Or how about your comment that:
"And there has already been a large shift -- bringing battery manufacturing to the US -- since the bill passed."
If this administration wants to appeal to TSLA voters, perhaps they could start by righting the wrong of absolutely failing to give credit where credit is due regarding the transition to sustainable energy and transportation.................and they would have to look no further than the TSLA Mission Statement and Master Plans to do so. To be clear, they need to right the wrong of refusing to even
whisper the name of Tesla.........and the Tesla team, and all the retail investors and supporters that stood behind that mission while Wall Street and the Mainstream Media attempted to destroy that company and that effort for profit. And this administration could - and they should mention that it was Tesla and Tesla-alone that took the risk of building the Gigafactory in NV to grow their battery production levels greater than all other automakers combined - and they grew it to those levels by 2018 when they reached a run-rate of just 20 GWh's annually - not "since the bill was passed". And per the Q3 earnings call, it is Tesla that will be building 1,000 GWh's of batteries a year. And they will do this domestically and vertically integrated. And they have created a path for this production capacity DESPITE having previously run out of EV tax credits in January 2020. And Tesla did this while literally being forced to develop their own world-wide charging system because VW's Electrify America effort was arguably an intentional failure, and the US government-led effort to create an adequate public EV charging system was literally incapable and insufficient. And they did so while being relentlessly smeared off and on by the voices of both sides of the aisle IMO.
I am old-fashioned enough to believe that wrong cannot be righted with Spamming and Trolling efforts on the internet. That wrong can only be righted by pulling up your Big-Boy pants and saying what needs to be said publicly, and said very accurately, from the proper conduit for that corrected message, and of course from the proper messenger.
And I am sure many here on TMC will have better suggestions than mine for the content of that message, but I would suggest it read something like the following:
You did,
Mary Elon and the Tesla team, and all the people that helped support this effort. You electrified the entire automobile industry,
and YOU brought battery manufacturing to the US, and you created a global EV charging system, and you designed and implemented the best energy grid solutions we have yet seen, and you expanded all of this to levels that were never imagined domestically by all of us "incumbents". I'm serious.
You led — and it matters — in drastically improving the climate ...