The Elder Statement : Elon Musk

Showing posts with label Elon Musk. Show all posts

Tuesday, March 13, 2018

Elon Musk, speaking at SXSW, projects Mars spaceship will be ready for short trips by first half of 2019

elderstatement.com March 13, 2018 Elon Musk , projects Mars spaceship will be ready for short trips by first half of 2019 0 Comments

By CNBC, Mar. 11, 2018

Best Supporting Actress Oscar nominee Mary J. Blige says Ryan Seacrest is “fighting for his life right now.”

Speaking Sunday on the red carpet for the Academy Awards, Blige says that she loves Seacrest and that she doesn’t know the whole truth of what happened. The E! host has been accused of sexual misconduct by his former personal stylist. He’s denied the allegations.

Tuesday, June 2, 2015

Good, let's end them--for everybody

elderstatement.com June 02, 2015 CNBC , Elon Musk 0 Comments

Elon Musk: Incentives Not Necessary, But Helpful

By Reem Nasr, Jun. 1, 2015, CNBC

Tesla CEO Elon Musk said Monday that a Los Angeles Times articleclaiming his companies received government subsidies is incorrect.(Tweet This)

"The article makes it seem as though my company is getting some huge check, which is fundamentally false," he told CNBC's "Power Lunch."

According to the article, Musk's three companies, Tesla, SolarCity and SpaceX, "have benefited" from a total of about $4.9 billion in government subsidies. Musk said that the article was misleading and did not accurately portray the situation.

Shares of Tesla were down slightly in late trading Monday.

Musk said that "none of the incentives are necessary, but they are all helpful," referencing incentive packages some of his companies received to build factories in states like Nevada. He said that the reason these incentives exist is because "voters want a particular thing to happen, and faster than it might otherwise occur."

Read the full story: www.cnbc.com

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Monday, June 1, 2015

He Didn't Build That

elderstatement.com 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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Saturday, May 30, 2015

Yeah, Like Green Power, Amtrak, Ethanol, PBS...

elderstatement.com May 30, 2015 Elon Musk , Government Subsidies 0 Comments

Elon Musk's Growing Empire Is Fueled By Government Subsidies

Credit/Source

By Jerry Hirsch, May 30, 2015, Latimes.com

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.

And he's built those companies with the help of billions in government subsidies.

Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.

"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."

Read the full story: www.latimes.com

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Tuesday, November 18, 2014

They're here--we call them democrats

elderstatement.com November 18, 2014 artificial intelligence , Business Insider 0 Comments

Elon Musk: You Have No Idea How Close We Are To Killer Robots

James Cook, Nov. 17, 2014, Business Insider

Musk posted a comment on the futurology site Edge.org, warning readers that developments in AI could bring about robots that may autonomously decide that it is sensible to start killing humans.

"The risk of something seriously dangerous happening is in the five year timeframe," Musk wrote.

Aware that internet commenters may mock him for his outlandish predictions, Musk defended his views, writing, "This is not a case of crying wolf about something I don't understand."

But minutes after he posted the comment, it was deleted.

Read more: www.businessinsider.com

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