Elon Musk calls strikes ‘insane’ as Swedish workers take on Tesla

Elon Musk has decried a wave of “insane” strikes focused on Tesla workshops in Sweden, as workers target the US electric car manufacturer in a strike calling for collective bargaining rights.

In what has been portrayed as the largest fight in decades to save Sweden’s union model from global labour practices, the powerful trade union IF Metall has been leading a strike across eight Tesla workplaces in Sweden for five weeks.

Tesla's Huge Tax Break Deal Is Official

CARSON CITY, Nevada, Sept 11 (Reuters) - Nevada Governor Brian Sandoval signed a package of bills on Thursday to provide $1.3 billion in tax breaks and other incentives for Tesla Motors , putting a bow on the deal for the electric car company to build a massive factory in the state.

Sandoval said the agreement has "changed the trajectory of our state forever" during the signing ceremony late on Thursday, shortly after the four bills were unanimously passed by both legislative chambers.

Tax Breaks for Tesla? States Should Think Twice

This week’s merger between Burger King and Tim Hortons, and the proposed shift of the American food icon’s headquarters to Canada, has everyone talking about the merits of corporate taxation. But something is missing from this discussion: the billions in tax breaks states lavish upon corporations to lure their operations.

You cannot talk about the corporate tax burden honestly without accounting for these subsidies.

Taxpayer Subsidies Helped Tesla Motors, So Why Does Elon Musk Slam Them?

It's rush hour in Silicon Valley, and the techies on Highway 101 are shooting me laser-beam stares of envy. Beneath the floorboard of my Tesla Model S, a liquid-cooled pack of 7,000 laptop batteries propels me down the carpool lane at a hushed 65 miles per hour. Then traffic grinds to a halt, and I'm stuck trying to merge onto an exit ramp as Benzes and BMWs whip past. It's the excuse I'm waiting for: I punch the throttle, and the Model S rockets back up to speed so fast that I worry about flying off the road—a silly fear, it turns out, because the car corners like a barn swallow. "And there you go," says Tina, my beaming Tesla sales rep. "Takeoff!"

Tesla Motors Earns $26 Million in the 2nd Quarter—Thanks to the Government

Tesla Motors surprised Wall Street this afternoon, announcing second-quarter profits of $26 million on $405 million in revenue. Since it reported its first modest profit in May, the electric-car company cofounded by billionaire entrepreneur Elon Musk already had seen its share price more than double, and you can expect it to soar even higher when the markets open tomorrow. Many analysts, after all, were expecting Tesla to take a hit. But so far, the company's profits have relied on government subsidies and initiatives.

Tesla's own accomplishments are impressive. The company, founded in 2004, is selling its all-electric cars as fast as it can produce them, even though the baseline price for a Model S sedan is nearly $70,000. Car and Driver says the Model S is possibly the best car it has ever tested. Musk has built a successful company after years of scraping by low on funds while sinking money into researching and developing amazing cars.