Why Tesla’s Solar Roof Is Just Another Giant Taxpayer Gift To Elon Musk

Read more on this subject: Science, Medicine and Technology
News Story Source: http://www.zerohedge.com
There are two things in which Elon Musk is an undisputed champion: creating hype and buzz for massively cash-flow burning products and companies, and abusing every possible loophole in the US tax code to get explicit and implicit subsidies from the government. He demonstrated the latter on Wednesday, when Tesla began taking orders for its solar roof tiles, a cornerstone strategy of Elon Musk's strategy to sell a "green", fossil-fuel-free lifestyle under the brand name of its luxury electric vehicles.

First the bad news: Tesla said the product, which generates solar energy without the need for traditional rooftop panels – assuming one lives in a traditionally sunny climate – will be substantially pricier than a conventional roof but don't worry, it will "look better" and ultimately pay for itself through reduced electricity costs… it just may take 20 or more years for the payback period to occur (more on the math below).

Made with tempered glass, Tesl
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