With government help, Tesla wants to build a lithium ion electric $109,000 sports car, which seems an excessive waste of capital. But do critics appreciate a cardinal rule of high technology: early generations of any breakthrough product are always expensive. The first cell phones cost $2,000. Those early adopters who are willing to pay more for the newest items are really subsidizing later buyers — and helping the industry. So what's your call: Should public funds be allocated to develop a luxury electric vehicle in the name of energy efficiency?
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