Elon Musk introduces his new right-wing fans to a carbon tax; goes as well as you’d expect
Elon Musk is introducing his new right-wing fans to the idea of implementing a carbon tax, and it goes about as well as you would expect.
Over the last few years, Musk has become a sort of hero of the right.
Regardless of where you stand politically, it is a fascinating situation. I remember not too long ago when the right consistently attacked him for taking advantage of government subsidies at his companies.
A few years later, he buys Twitter, reinstates some previously banned conservative accounts, makes fun of Joe Biden and other democrats, starts to talk about “wokeness” and illegal immigration consistently, and now he is loved by the right.
Through this period, the once zealot climate change warrior who quit President Trump’s business council because he withdrew the US from the Paris Agreement, started talking a lot less about climate change and Tesla’s mission to accelerate to world’s transition to renewable energy.
On top of running six different companies, Tesla’s CEO is virtually a full-time political influencer now.
It is creating an interesting situation. For the first time in a while, Musk decided to use his massively popular X account to promote an idea perceived as left-wing (even though it shouldn’t be political): a carbon tax.
Musk wrote:
Musk has been pushing the idea of a carbon tax for a long time, and it’s interesting to see him introducing the idea to his new right-wing fans.
As you can imagine, it didn’t go too well.
Most of the top-voted comments underneath his post were responses that were quite negative. Here are a few examples:
I had to go down about 50 responses to see a positive response to Musk’s comment. It appears that for better or worse, Musk’s X profile is now dominated by his new right-wing fans.
Electrek’s Take
I am the first to admit that a carbon tax is difficult to implement correctly. In theory, it makes a ton of sense. In fact, free-market conservatives should love it since it fixes the market.
A free market only works if it’s fair and all external costs are accounted for. If external costs are not accounted for, the market becomes inefficient and fails.
A carbon tax accounts for the external costs of emitting carbon. It fixes the market inefficiency – making the true costs (including environmental) accounted for in the costs of the products. The products best for the environment would come up on top.
Now, to agree with that, you need to agree with the vast majority of environmental scientists who say that humanity’s carbon production is contributing to the acceleration of the Earth’s warming.
Yes, the climate has always naturally changed for billions of years, but it doesn’t mean that humans starting to pump billions of metric tons of carbon into the atmosphere every year is not accelerating it. The data looks clear.
For example, the amount of solar energy the earth is receiving has followed the natural cycle of the sun, and yet, global temperature has increased massively amid increased industrialization:
Therefore, at the very least, we can agree that products emitting less carbon over their entire life cycle are less risky of negatively affecting the environment. So why take more risk?
So, a carbon tax would, at the very least, help reduce the risk of this crazy experiment that humanity is conducting by unearthing carbon and burning it into the atmosphere in incredible amounts.
Now, I agree it’s hard to implement correctly. There are a lot of different aspects to it. For example, it works best if it’s global. Everyone needs to get on board. There’s the idea that the US shouldn’t get involved unless everyone gets involved, but that’s a decision between being a positive leader or accepting to be part of the problem because others don’t want to be part of the solution. I don’t like that mentality.
Also, it needs to be meaningful with a fair price. There have been carbon taxes before, but they had minimal impact because they haven’t really accounted for the trillions of dollars that burning fossil fuels costs worldwide every year.
It’s an incredibly difficult tax to make it fair, but I think it’s one worth doing. There could be a way to do it while reducing other taxes and encouraging people to live lifestyles that emit less carbon. And if you want to keep doing it, you can. It’s just that now it will reflect the true costs of the products.
As a side note, I hate to get too political. I’m not a very political person. I don’t believe that a lot of truly meaningful change in history came from politics and politicians. I don’t consider myself left or right. I approach every issue with an open mind. Please keep that in mind before for call me a leftist for endorsing a carbon tax.
In fact, I think we should go back to the days when this was a bipartisan issue in the US. Conservatives often claim that their side has the better economic policy, and nearly every economist is in favor of a carbon price – because unpriced externalities are a market inefficiency, and a carbon price solves that. Plus, a group of influential republican luminaries, including Bush and Reagan’s Secretaries of State George Shultz and James Baker, Bush’s Treasury Secretary Hank Paulson, and conservative economist Greg Mankiw have all endorsed a carbon price.
One of the main problems is that it’s called a carbon “tax,” and many people, especially conservatives, have a visceral reaction to that word. If that’s your case, please try to get past it and understand the reasoning behind it.
Finally, please keep the comment section civil.
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The major electric bicycle brand Velotric has just launched its newest model, the Velotric Breeze 1. Part commuter, part cruiser, the Breeze 1 is a fast yet comfortable e-bike intended for those who want a relaxed riding style without sacrificing performance.
Most cruiser electric bicycles are considered to be more of a laissez-faire endeavor, but the Velotric Breeze 1 is hoping to crank things up a notch with fast speeds and high-tech features.
Replacing the traditionally large and swoopy frame is a more accessible step-through design that comes in two sizes to fit a larger range of riders. But while the frame may look different than a classic cruiser, the pedal-forward geometry and swept-back cruiser handlebars definitely evoke true cruiser vibes.
That geometry, including the adjustable angle handlebars, helps give the Velotric Breeze 1 a more upright and relaxed ride.
But don’t think that just because the Breeze 1 is a relaxed ride, it can’t still bring the performance. A 750W motor offers up to 28 mph (45 km/h) of speed in unlocked mode, though the bike comes with a 20 mph limit right out of the box. To open up Class 3 speeds, users will need to use the settings menu in the color display, where a plethora of other parameters can also be adjusted.
A 48V 13.4Ah battery provides 643Wh of battery capacity, or enough for a claimed maximum range of 75 miles (120 km) in the lowest power pedal assist mode. There are also 15 levels of pedal assist and the ability to choose between the torque sensor or the cadence sensor to activate that pedal assist (and of course throttle mode, for those who don’t want to pedal at all).
While torque sensors are generally more highly praised for their ability to offer near-instantaneous power delivery and more natural feeling riding, some people prefer a cadence sensor since it can be used more like a foot throttle, allowing minimal effort from the rider. By offering the option to choose between the two, Velotric is giving everyone the opportunity to ride the way they prefer.
The battery is IPX7-rated, meaning it can be submerged in up to three feet of water. The rest of the bike is IPX6-rated, allowing owners to pressure wash the bike without worry of water getting inside. Like all of Velotric’s electric bikes, both the battery and the entire bike are UL-certified.
The Velotric Breeze 1 also includes Apple FindMy location tracking, punchy hydraulic disc brakes, bright LED lighting including turn signals, easy-rolling 27.5×2.2 urban tires, a Shimano 8-speed derailleur, and is even rather lightweight for a cruiser e-bike at just 48 lb (21.7 kg).
The seat stay-mounted tail lights are also spread wide on the rear of the bike, allowing the turn signals to function even better as directional indicators for drivers.
The bike lacks suspension, offering a purely rigid fork and frame, but is likely intended for operation on smooth beach paths and other areas without the bumpy terrain that typically begs true suspension.
Priced at US $1,799, the Velotric Breeze 1 was just launched this morning and is already available for order on Velotric’s site. The bike comes in five different colors and two different frame sizes, fitting riders between 4’11 and 6’4″ (150-193 cm).
What do you think of Velotric’s newest e-bike? Let us know in the comment section below, and be on the lookout for our own review of the Breeze 1 coming soon!
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ACME stock soars on today’s cartoonishly silly episode of Quick Charge, we watch Tesla Autopilot crash into a wall with a painting on it, make the Elon stans look silly when they point out shady behavior from their fearless leader, and toss out the notion that some franchise dealers might help the troubled EV brand make more sales in red states.
We also cover Toyota as it moves to position itself for global battery dominance by suppling batteries to more than 400,000 electrified Honda vehicles per year, plus an upgraded Xpeng G6 electric SUV that makes everything on this side of the Pacific look positively plebeian. All this and more, enjoy!
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Tesla has already started offering 0% APR on loans for the new Model Y in China, showing a clear sign of weak demand.
We recently reported that Tesla is under increased pressure from competition in China, the world’s largest EV market.
The Tesla Model 3 was recently surpassed in sales by the Xiaomi SU7 in a record short period from starting production. The SU7 not only outsells Model 3 in China, but Xiaomi’s electric sedan has a 31-34-week-long order backlog compared to just 1-3 weeks for Tesla’s.
Last month, Tesla started offering a new RMB 8,000 ($1,100 USD) insurance subsidy and 0% loans on new Model 3 orders.
Tesla didn’t apply these same offers to new Model Y orders because Tesla enjoyed more demand for the vehicle due to the launch of the Model Y refresh, and the production launch limited the supplies.
However, we also noted that reports of more than 200,000 orders for the new Model Y were exaggerated and the current delivery timelines pointed to soft demand for the new Model Y.
We noted that a good indication of when Tesla is running out of the backlog of orders, which was opened in January, for the newly delivered vehicle would be if Tesla brings back financing incentives on the Model Y.
Today, Tesla announced that it was bringing back the 0% interest loans on the base version of the new Model Y:
The Model Y RWD is by far Tesla’s best-selling car in China and Tesla is now offering up to 3 years at 0% for a 30% down payment and some discounted rates for a smaller down payment.
The incentive starts now and up to April 30. Tesla wrote:
If you purchase a Model Y rear-wheel drive version from March 18, 2025 to April 30, 2025 and pick up the car before the order expiration date according to the delivery and payment terms in the order, eligible customers can apply for the following financial preferential plans:
Tesla currently quotes “2-4 weeks” as a delivery timeline for new orders for the new Model Y RWD, and 6-10 weeks for Long Range AWD.
The Long Range appears to enjoy a bit more demand. Tesla even slightly increased the price by RMB 10,000 yuan ($1,380).
Electrek’s Take
It’s important to consider that Tesla is believed to be selling a mix of RWD vs AWD around 3 to 1 or even 4 to 1. Therefore, any change in pricing and subsidized loans to the Short Range RWD would have a massive impact on Tesla.
I have to say, I’m surprised. I suspected Tesla would have some issues selling the new Model Y in the second half of the year after some excitement for the new version wore off and competition like the Xiaomi YU7 would arrive, but I didn’t think it would come so fast.
Even if this is because Tesla was able to ramp up production of the new version faster, which could mean more deliveries in Q1, the fact that they are already discounting them is a terrible sign of demand.
I didn’t have high hopes for Tesla’s prospects in China in 2025, but even I thought this would not come for another 3-5 months.
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