Tesla CEO Buys $17 Million Mansion; Got $465 Million Govt. Loan

breitbart.com ^ | 12/29/12 | Wynton Hall

[ColdOne]

Taxpayers footed the bill for a $465 million loan to troubled electric carmaker Tesla as part of President Barack Obama’s “green energy” stimulus. But Tesla’s CEO Elon Musk is now riding high with the purchase of his new $17 million mansion.

Mr. Musk’s 20,248-square-foot hilltop mansion boasts breathtaking views, a two-story library with rolling ladder, a home theater, and a five-car garage to house his taxpayer-subsidized, pricey Tesla vehicles.

[hinckley buzzard]

Mr. Musk is just taking his cut off the top. Who knows what tomorrow might bring, right? And, RHIP.

[Forward the Light Brigade]

This shows the man isn’t really interested in making cars—he just interested in making Obama bucks. The day will come when the free money will run out and the Tesla will join the Tucker as an idea who was too early.

[Darksheare]

Gee.
Wonder where the money for it came from.
Probably sees it as his ‘fair share’ and his ‘due’ for his ‘brilliant management’.

[Gay State Conservative]

Telsa opened a store in a mall near me not long ago.I often go to that mall to walk during bad weather and of all the times I've walked past it I think I've seen five people inside.

[RightOnline]

If he had built a successful car company that could stand on its own, I’d say good for him.

The fact that he’s only in business due to a $465M “loan” courtesy of us taxpayers.....and that allowed him to buy a $17M hilltop mansion....I have a SERIOUS problem with.

This has zip to do with envy; it has everything to do with graft and political cronyism; crony capitalism at its worst.

[JohnBrowdie]

Mr. Musk . . . donated over $100,000 to Mr. Obama’s 2012 campaign.

yep. figured.

[gaijin]

Niiiice...! NEW USA NOMENKLATURA SYSTEM.....

[Beaten Valve]

TESLA made 359 cars last year, so we’re loaning him $1-million plus per vehicle...

[cruise_missile]

Coal powered cars. Interesting concept.

[Disambiguator]

In Bel Air, no less.

[preacher]

[momtothree]

“This has zip to do with envy”.

I agree. This certainly isn’t jealousy because someone is wealthier. I feel it is like having an issue with someone with a nice car.. one they stole from someone else. It isn’t “what they have” ; it’s how they got it.

[Uncle Chip]

Musk isn’t in the auto business. He’s in the government loan business. He’ll do anything to get those Obamabucks.

[palmer]

Coal powered cars. Interesting concept.

Like a locomotive except less efficient.

[cruise_missile]

Also, don’t those big mansions have huge carbon footprints?

That’s probably okay too. Since his heating and cooling is electric.

[gaijin]

[txhurl]

What auto manufacturer was it that had 10 or so cars spontaneously ignite a few months back and burn to crisps?

[Truth29]

These green energy loans, including those to companies that fail (seems like most of them) are successes for the Rats because the loans both pay political cronies and some of the money makes its way back into Democrat campaign coffers.

[PreciousLiberty]

"Gee. Wonder where the money for it came from. Probably sees it as his ‘fair share’ and his ‘due’ for his ‘brilliant management’."

Well, there's a good bit of ignorance rearing its ugly head on this thread, but I'll pick on you. ;-)

Tesla CEO Elon Musk makes just $33,280 a year; has option to buy 5.27 million shares

From: http://green.autoblog.com/2012/08/16/tesla-ceo-elon-musk-makes-just-33-280-a-year-has-option-to-buy/

He's not cashing in on Tesla, he's a good CEO who'll only make money if the company succeeds. He's also the founder of SpaceX, which is doing very well and making a good bit of money, and will also provide manned trips to the Space Station in a couple of years.

Musk is the founder of PayPal, and mainly from the sale of that company already has a net worth north of $650 million. I think he can easily afford a $17 million mansion.