a little more Tesla news

Why woul you be puzzled? He believes in socialism and the tooth fairy, too.

I would if be happy to if only they'd let me!

It's bitrex.

Yes and who knows what else besides.

Seems to be a crime to go out and buy a car for cash these days. You're immediately suspected of being a drug dealer or money launderer. For example, I attended a liquidation sale of classic cars a few months ago and decided to buy one. I offered the guy in charge 3,000 pounds for a quick, no-hassle sale. He had about 75 of these cars to get rid of so he took my offer. I offered to pay in cash, but he wouldn't take it! It was a total dealbreaker for him. Just 3k! I had to do an interbank transfer or he wouldn't do the deal. And I really don't like trusting banks with my money after what happened in '08. But it was such a sweet deal (it was probably worth 3x the price I paid) I couldn't walk away. The money laundering regs have gone totally crazy and it's past time something was done about the situation. When it starts to impeded legitimate commerce and make life difficult for innocent people, it's time to roll it back.

The Volt is heavily subsidized. Chevy's website: "MSRP does not include available federal tax credit of up to $7,500".

But that's not the half of it. Obama also wiped out their debt, took over their pension obligation, and exempted them from taxation for a number of years. All part of the bailout.

From late 2011: "James Hohman of the Mackinac Center for Public Policy has calculated that the total subsidies?direct and indirect, federal and state? ??poured into this white elephant could add up to $3 billion or $250,000 for every Volt sold to date. And this is not counting the 26 percent ownership that Uncle Sam still has in the company."

GM has now sold about 100,000, making the manufacturers' subsidies on the order of $6k to $30k per car, "depending on how many government subsidy milestones [were] realized."

So, take that, add the EV tax credit, plus the implicit GM bailout subsidy.

Cheers, James Arthur

Well, "cash" is a euphamism for "to buy outright", rather than carrying a loan. As long as the transaction goes through a bank, there is no worry about the feds busting down your door.

Since they dont allow you folks to defend yourselves, he was probably worried about getting knocked off carrying that wad of cash. ;-)

Not at all. If you use the dealer's financing, he gets an additional kickback from the "bank". You robbed him of that so may not have gotten the deal you could have. A very close friend was the general manager of a dealership. He advised me to take the loan, then pay it off after the first month so the dealership got the kickback, which they could pass through to me.

Competition had no small part to play in that either. Even so, repairs are _cheap_ compared to lease or loan payments.

Yeah, if they get curious they'll serve the search warrant against your bank instead :)

That seems to have been what it took to keep them in business. You have exp ressed a certain unhappiness about how the share-holders were exempt from t his largesse, but others think that if the shareholders had put more pressu re on the management, the company might not have needed as much bailing out .

?poured

Ask any partisan right-winger. Is the "white elephant" in question GM as a whole, or merely the Volt project?

GM was bailed out as an entire company. Volt and all. The Volt can't be the only project they screwed up.

Krw is an expert on the content of his own fertile imagination. He does have a tendency to confuse what he thinks he knows with real world facts.

How does depositing 3k in the bank and doing an interbank transfer impede legitimate commerce, or make like difficult for innocent people?

Anybody who complains about it has to be suspected of getting his 3k cash from selling illegal recreational chemicals for cash.

The bank would have to report a 3k cash deposit, but if you got it innocently that wouldn't be a problem.

...and your problem is??? ...or do you not even understand what you write?

Not accurate.

Dan

Which statement? Do they have to report 3k cash deposits - this was UK pounds in the UK? Or are you querying the point about having a innocent explanation for having that much cash letting you off the hook?

And how would you know about either?