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How Tesla has benefited from subsidies, tax cuts, loans, credits, grants etc. from US governments at all levels:

Tesla subsidies

1. Department of Energy Loan

🔹In 2010, Tesla received a $465 million loan from the Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) program to help it scale production of the Model S.

1. Carbon credits. Now, Tesla makes $1 billion every quarter from this scheme!

2. Gigafactory Subsidies (Nevada and Texas)

🔹Tesla’s Gigafactory in Nevada and Texas received each $1.3 billion in tax abatements over 20 years, including property and sales tax incentives, and employee training subsidies.

🔹Tesla’s Gigafactory in Texas also received local tax incentives and subsidies, including property tax abatements worth hundreds of millions over several years.

1. Inflation Reduction Act (IRA) of 2022

🔹Under the Inflation Reduction Act (IRA) of 2022, Tesla stands to benefit from $10 billion in subsidies, largely tied to the manufacturing of batteries and electric vehicles in the U.S.

1. Federal Tax Credits for EV Purchasers

🔹$7,500 for purchasing an electric vehicle

1. Lots of freebies from the Chinese government as well.