Bad Karma: Fisker’s Government-Funded Failure
Elon Musk says Tesla’s success is due to the quality of its cars, not government funding— but whether you believe him or not, it’s impossible to separate the success from the subsidies. We can’t know if Tesla would have skyrocketed to the top without assistance, and, for now, it’s too early to tell if the company’s current success is sustainable without government funds.
But we can learn something from the spectacular failure of Fisker Automobiles. The Fisker failure is a perfect example of how government-funded innovation can go terribly wrong.
In January 2008, Fisker rolled out
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