To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.

What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?

Let's look at what the EU found after investigating two of China's largest EV companies: BYD and Geely

Their investigators turned up subsidies everywhere they looked. Lithium processers and battery makers were told by the state to sell to EV companies below market rates, they said,

Important to note here that BYD is the leading battery maker in the world. They're also a leading lithium processor, in fact setting up lithium processing plants as far away as Chile. BYD is notorious for vertically integrating across their entire supply chain, so at least for BYD this claim makes zero sense. Berkshire Hathaway owns 9.8% of BYD.

while the car companies were exempt from battery consumption taxes.

This refers to the 4% tax on batteries instituted in 2015. Except... "But cleaner batteries including mercury-free, nickel-hydrogen, lithium and solar cell varieties will be exempted and taxation on lead storage batteries will be postponed till Jan 1, 2016." Is the EU perhaps referring to the lead-acid batteries that feature in BYD and Geely's hybrid products? As far as I know those should be taxed, but maybe I'm wrong and that was in fact a tax subsidy. Either way, lithium batteries are exempt from this tax.

The firms issued green bonds that government-run financial institutions were ordered to buy,

Buying corporate bonds really is subsidization and not something you'd expect to see in free market economies.

https://www.cnbc.com/2020/06/29/the-fed-is-buying-some-of-the-biggest-companies-bonds-raising-questions-over-why.html

https://www.nbim.no/en/the-fund/investments/#/2023/investments/fixed-income

Wait hold on...

and were granted concessional land, income tax breaks and cheap refinancing options mandated by the People’s Bank of China, the central bank.

Dirty, dirty subsidies!

https://goodjobsfirst.org/nevada-woos-tesla-plant-tax-deal-economic-benefits-prompt-debate/

https://www.seattletimes.com/business/tesla-gets-330m-tax-deal-for-nevada-expansion-truck-plant/

https://venturebeat.com/business/how-tesla-got-nevada-to-give-it-1-4b-in-exchange-for-a-giant-battery-factory/

Admittedly, now I'm a little confused.

The unimaginable horror of cheap energy could collapse the global oil trade. Which country produces the most oil, again?

The attackers are supposedly Tajik. USD5418 is at least 2 years of work there.

This time on shit Israel says...

"Hamas has tentacles all over the UN"

"Hamas is puppeteering world leaders to support terrorism"

"Hamas is using it's control of the financial and judicial systems to avoid persecution"

"Hamas controls the media that's demonizing Israel"

"found dead" along with paramedics and a burned out ambulance. WHO KILLED THEM, THE GUARDIAN?

Coincidentally happened after Belgium refused to cut UNRWA funding. Pure coincidence from a country using some of the most advanced guided munitions in the world.

So anyway, Sweden joined NATO...

Venezuela's economic recovery under a strict regime of US sanctions has been awe-inspiring.

"Especially during this period, we call on the media to show responsibility in their reporting and base their news only on official sources."

Separately, the Israeli censor unit, affiliated with the army's intelligence department, sent a letter to the press on Oct. 26, imposing restrictions on news related to Gaza.

They said all news and visuals concerning the course of the war in the Gaza Strip and activities of the Israeli army should be sent to their censor unit before publication.

Forced prison labour is the foundation of a number of economies, including the US'. It's explicitly not prohibited in the Constitution.

China can't use prison labour to undercut global markets because they have a smaller prison labour pool than their key economic competitor (the US).

No, it’s the filters in the engines’ intakes. The filters keep dirt and debris from fouling and wrecking an M-1’s delicate—but powerful—engine. They require constant cleaning.

If an Abrams’ four-person crew neglects to clean its tank’s filters every 12 hours or so, it might so badly damage the engine that the battalion has no choice but to remove the engine, and potentially the transmission, and ship it away for a lengthy overhaul.

The solution to the sand-ingestion problem was the twice-a-day pulse-jet cleaning process. It works just fine, as long as crews rigorously adhere to its schedule. Even when they’re getting shot at.

"All those things can be taught to the crew, but if ever they make a mistake—and they will—it blows a million-dollar engine that can't be repaired in the field," Mark Hertling, a retired U.S. Army general, told The Kyiv Independent.