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bucolic_frolic

(55,287 posts)
6. Tesla was built on hundreds of millions in Federal loans
Tue Sep 12, 2023, 12:56 PM
Sep 2023

Musk is dismantling X (Twitter) for libertarian ends, and Space-X is used for his personal foreign policy?

Federal and state governments have given or loaned Billions to Musk. Billions. Like 4.5 Billion dollars by some counts.

https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12

Elon Musk's companies have received billions in government subsidies over the last two decades.
In 2021, Musk has opposed higher taxes for the rich, and said the government shouldn't control "capital."
He recently said he opposes government subsidies. One of his companies accepted them as recently as April.

The richest person in the world says he doesn't want any help from the US government, but his companies have actually gotten billions of dollars worth.

Like many other wealthy Americans, Musk has spoken out against a proposed "billionaires' tax" from Sen. Ron Wyden, writing on Twitter in October that "eventually, they run out of other people's money, and then they come for you."

More recently, he spoke out against government subsidies and tax incentives for US businesses. In a recent interview with TIME, he said the government was not a good "steward of capital."

And at a Wall Street Journal summit this month, Musk said the government should "just delete" all subsidies from the $1 trillion infrastructure bill President Joe Biden recently signed into law. Biden's bill included $7.5 billion for electric vehicle charging infrastructure, which would seem to help one of Musk's companies, Tesla Motors.

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