More Welfare For The Rich

It looks like we not only have Welfare for the Rich. We have another case of the same welfare. Want a $50,000 electric sports car? Have we got a deal for you.

When Tesla formally announced the Model S Sedan last June, the MSRP bandied was about $60,000 for the all-electric sedan. In its newsletter today, Tesla has confirmed that the "anticipated base price" for the Model S will be $57,400. With a federal tax credit of $7,500 available, however, the Model S should cost just $49,900. Details on what's included in the base version of the Model S should be available at the vehicle's official unveiling next week.

What a great deal. For a bailed out banker. Or a Fannie Mae executive.

I think this whole deal is supposed to work on the trickle down theory. First the rich get the cars and then when they become used cars the rest of us have a chance. Now I believe in trickle down myself. If it weren't for used cars I wouldn't have a car. But please. Couldn't we do it without subsidies?

H/T Instapundit

Cross Posted at Classical Values