Showing posts with label SpaceX. Show all posts
Showing posts with label SpaceX. Show all posts

Tuesday, June 2, 2015

Good, let's end them--for everybody

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

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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Friday, May 30, 2014

SpaceX Boss Elon Musk Unveils New Dragon V2 Spaceship --Great, but why did he need taxpayer money for Tesla?

May 30, 2014 American Tax Payer , Elon Musk 0 Comments
2014 Tesla Model S
By Reuters, May 30, 2014, Telegraph.uk.co

Space Exploration Technologies, or SpaceX, has unveiled an upgraded passenger version of the Dragon cargo ship NASA buys for resupply runs to the International Space Station.

Rather than parachuting down into the ocean, the new capsule is outfitted with powerful motors and landing legs to make precision touchdowns on land, said SpaceX founder and chief executive Elon Musk, a billionaire technology entrepreneur who also runs the Tesla Motors Inc electric car company.

"That is how a 21st century spaceship should land," Mr Musk said to an audience at SpaceX's California headquarters.

More than 32,500 people also watched the Dragon unveiling on a live SpaceX webcast.

"It is conceivable that we could do the first flight to orbit," said Mr Musk. "We would initially do it without people at the end of next year and then the first flight with people would be in 2016 and we think that would be very achievable."

Lifting the vehicle's hatch, Mr Musk settled into a reclined gold-and-black pilot's seat and pulled down a sleek, rounded glass control panel. The cabin, designed to fly a crew of seven, looked more like a Star Trek film set than the flight deck of NASA's now-retired space shuttle.

Dragon, which launches on a SpaceX Falcon 9 rocket, is one of three privately owned space taxis vying for NASA development funds and launch contracts.

Read the full story:  www.telegraph.co.uk

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