Tesla may soon be saved by California -- and its taxpayers.
The State Assembly passed a bill, AB 1184, to increase subsidizes for electric car purchases to $3 billion over the next 7 years. The bill favors manufacturers that make electric-only cars, like Tesla, over companies that sell hybrids.
And there is no bigger electric-only company than Tesla, which means it may soon get a major bailout courtesy of the California taxpayer.