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>has been using the money to fund cool projects Musk and his companies' investors enjoy most of the financial upside of the government support, while taxpayers
by clydethefrog 10y ago
>has been using the money to fund cool projects
Musk and his companies' investors enjoy most of the financial upside of the government support, while taxpayers shoulder the cost. [1]
http://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html http://www.latimes.com/business/la-fi-hy-musk-subsidies-2015...
- chc 10y agoIs this meant to imply that this is somehow unusual or particular to Tesla? The government provides incentives and subsidies all over the place. Even Coca-Cola benefits from subsidies.
- synaesthesisx 10y agoLet's not forget the $80 billion or so spent on the auto bailout...
- TeMPOraL 10y agoFirst of all, those subsidies exist exactly to be used like this, so at best you can complain the government uses money to incentivize businesses. Elon is one of the few people who uses subsidies as they should be. Secondly, his companies have a good track record of paying governments loan back, in full, before the due time. Funny how a success story can be twisted into a negative.
- MPSimmons 10y agoThey probably use government subsidized roads to deliver their goods, too. The freeloaders.