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Sunday, May 31, 2015

LA Times notices Elon Musk is a welfare billionaire

Elon Musk is the Queen of Welfare. He doesn't bother using his EBT to buy lobster and resell it. Elon Musk embraces all the liberal nonsense about carbon dioxide and exploits it for billions in government handouts.

The Los Angeles Times finally noticed.

From the Los Angeles Times:
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."
The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars.
He is not an entrepreneur.

He is a mooch.

Just remember that is $4.9 billion not spent on highways.