His business seems to go where government subsidies exist. Let's see what happens when the subsidies dry up. Not turning a profit yet? Let's see that company stand without our tax dollars. All that to build some expensive cars.
There are always going to be different ways to twist a situation. Some may call it taking advantage of "free" money. Others may call it "relying" on subsidies. Either way, if you take a look at the way he set up the business (production - assembly, product pipeline, etc) if he was really trying to run the business purely off discounts and low margins, he wouldn't be doing it the way he is. Whether that's due to "ignorance" or strategy, is once again, up to you to decide.