Monday, June 1, 2015

He Didn't Build That

He Didn't Build That

June 01, 2015 Breitbart , Elon Musk 1 Comments
Elon Musk’s $5 Billion In Govt Subsidies Helps Make Ends Meet 

By Robert Wilde, May 31, 2015, Breitbart

If you build it we will come could be the mantra for Los Angeles billionaire mogul Elon Musk.

Well the Los Angeles entrepreneur built Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, and what came was an estimated $4.9 billion in government subsidies, according to data compiled by The Los Angeles Times.

“He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”

Now after a plethora of government incentives, such as grants, tax breaks, factory construction, discounted loans, environmental credits that Tesla can sell, tax credits and rebates to buyers of solar panels and electric cars, questions remain whether these companies can make it on their own and are they worth the investment of taxpayer funds.

Read the full story: www.breitbart.com

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1 comment:

  1. AnonymousJune 3, 2015 at 2:06 AM

    Elon Musk despises the notion of the Govt.picking winners. It's quite simple. His competitors are receiving billions in govt. subsidies. Big Auto. Big Coal. Big oil. This is purely a defensive strategy from a cost perspective. When they stop he'll stop.

    ReplyDelete

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