China is subsidizing the bejeesus out of electric cars, much like they subsidized the shit out of everything else. The reason Europe and North America have much lower penetration of electric cars is the same reason Hollywood makes mostly superhero movies: it's the only entertainment economy that isn't supported by 70% or greater government subsidy. If you have to make money, you have to sell things people want to buy. Knock 70% off the price of a Ford Mustang and they'd sell like hotcakes too. Tesla? Tesla largely exists to launder carbon credits. It's subsidy of a different kind. The median cable news viewer is 70 years old. I'ma show you one image that encapsulates the current media landscape. Are you ready? Kathy Bates (76), pretending to be Andy Griffith (59 at the time), in a reheating of a 40-year-old show that nobody under 60 watched. Superbowl ads. Jewel of the Paramount crown. Except, of course, for everything Taylor Sheridan does, please god watch Harrison Ford in a cowboy hat we're spending $22m per episode. So you can be mad about the current media landscape? But you gotta keep in mind - nobody is aging into Fox News. Nobody is aging into MSNBC. ZOMFG judge blocks Onion acquisition of InfoWars. Might as well go shoot a CEO.update: I am watching Fox & Friends this morning while I finish up my slides, it's been years since I freebased a Fox show live.
