Elon Musk, CEO of Tesla - King of Corporate Welfare

[ShootSpeeders]

I've always thought of Musk as one of the few "good immigrants" who has brains and can help america, but maybe he's just another crook.

The King Of Crony Capitalism | Zero Hedge

may 7 2016 If Elon Musk’s various projects are so Iron Man fabulous, why do they all need so much government “help”? Shouldn’t Tesla – and Solar City and SpaceX – be able to stand on their merits… if they actually have merit?

On the manufacturing end, Tesla got $1.3 billion in special crony-capitalist “incentives” from the state of Nevada to build its battery factory there. This includes an exemption from having to pay any property taxes (unlike you and I) for the next 20 years. Another inducement was $195 million in transferable tax credits – which Tesla could sell for cash.

California provides similar inducements – including $15 million from the state of California to “create jobs” in the state.

Tesla does not make money by selling cars, either.

It makes money by selling “carbon credits” to real car companies that make functionally and economically viable vehicles that can and do sell on the merits – but which are not “zero emissions” vehicles, as the electric Tesla is claimed to be (but isn’t, actually, unless you don’t count the emissions produced by the utility plants that provide the electricity they run on, or the emissions produced mining the materials necessary to make the hundreds of pounds of batteries needed by each car).

 

[SassyIrishLass]

Tesla wouldn't exist w/o government handouts

 

[P@triot]

So bizarre....I thought liberals "hated" the so-called "corporate welfare" and yet they there is no end to their arousal at throwing hundreds of billions at "green energy" companies.

"Why is the government bailing him out and giving him taxpayer money when last year he said he doesn’t need subsidies? Musk is bailing out his own company with taxpayer dollars. That’s how much of a racket this is. Musk is getting subsidies for one company and then using those subsidies to bail out another company that’s also subsidized."

“If this wasn’t a green energy company, you would have both Democrats and Republicans screaming about this,” Williams, the Taxpayers Protection Alliance president, told The Daily Signal, adding:

"This is the quintessential insider deal. But because this involves green energy you have the left overlooking corporate welfare and corporate favoritism because it’s something they like. But if it involved a big bank or some other company, the left and the right would be up in arms about this."

Taxpayers Finance Family Ties of 2 Failing Green Companies

 

[RodISHI]

Here is the link if anyone desires to "search" grants to see if any were handed out to them. Home | GRANTS.GOV