no. you get electric cars like China (almost) does, by openly subsidizing real capital formation. relying on bubbles to replace the work of economic calculation has served the US poorly. China does a slap-shot job of disciplining what it subsidizes, still does much better. 1/

it wisely subsidizes competitive industries, rather than firms. it has little need for champions or high equity flyers. it actually builds rather than hypes (while Tesla turns into Boeing, repurposing a six year old platform rather than innovating). /fin