SolarCity and the Silver Spoon - NetRight Daily
If you own a business — maybe a taco stand, a dress shop, or an insurance agency — you know it takes a lot of hard work, good market analysis, a better product or service than your competition, and advertising.
Add in a bit of luck, and you hope to grow your business — though vacant storefronts and boarded up buildings in towns and cities across America show that isn’t always enough. Each going-out-of-business sale represents the death of someone’s dream.
If, however, you are a politically favored business — say solar — your story is different.
Your growth is dependent on government generosity.
And, when people, who may never buy your product or use your service, balk at underwriting your venture and convince their Congressmen to take away the taxpayer largesse, like a badly behaved toddler, you threaten to take your marbles and go home—leaving former staffers unemployed and customers without service.
Such is the story of SolarCity — which has taken advantage of the favored status and bilked government programs to grow into being the nation’s largest installer of rooftop solar panels.
Despite that distinction, SolarCity still loses millions of dollars.
SolarCity doesn’t manufacturer solar panels — though, thanks to $750 million in funding from New York’s taxpayers — that will soon change....”
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