Posted on 06/12/2015 9:27:31 PM PDT by Rabin
Elon Musk our billionaire, whose Stimulus funded Tesla Motors, Solarandra City and (only option to Russia, NASA is out) Space X has received $4.9 billion in FedSlush.
Is Elon Musk a billionaire welfare queen of Federal grants, discounted loans, tax breaks, government RICO & Carbon credits?
Tesla is set to receive an incentive worth $1.3 billion from the state of Nevada. Anyone who buys a Tesla gets a $7,500 federal income tax credit, Californians receive an additional rebate of $2,500 from the state. In all, Tesla Motors Inc. has received close to $2.391 billion in form of government subsidies.
SolarCity, The Ralies a 30 percent tax credit to the users of SolarCity Corp.’s solar panel systems. The company has reportedly gets + $497.5 million from the Treasury Department. $750 million investment from New York for its plans to build a solar panel factory in Buffalo. So far, SolarCity Corp. has benefited from $2.5 billion in government subsidies.
SpaceX is a manufacturer and designer of advanced rockets and is the first "commercial company" to ever visit the international space station. SpaceX has received $4.2 billion from NASA and the U.S. Air Force.
(Excerpt) Read more at oilprice.com ...
Americans used to understand that you got the reward for taking the risks. Not by getting the "little people" to take them for you [in return for which, they get nothing.] There's no real difference between Elon Musk and the Banksters [or GM ownership and the UAW] who put billions at risk, knowing someone else would bail them out. Musk is simply being paid up front.
Elon Musk isn’t risking his own money.
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Really? I read that he just about went broke a few years ago putting his money into SpaceX and Tesla. I know for a fact that he bought Tesla stock when they had secondary offerings.
LMAO...”just about”...Yup...i remember him living under the bridge with me...I just hope he remembers me when I'm down and out like he was...
Sutton’s rule.
Right.
Because a dirt-poor kid from Scotland could never rise through the ranks of entry-level and sales jobs to pretty much single-handedly create the United States Steel industry.
Eye Roll.
Times change...
Why not just stop launching? Nothing is coming to us from the ISS.
LMAO...”just about”...Yup...i remember him living under the bridge with me...
...
Hey smart butt, he didn’t go broke.
My point to the person I was replying was he put up a lot of his own money for his companies back when they were struggling.
Musk believes in making better products for less money, and that the future should be better than the past. That reminds me of how Reagan used to say that our best days are ahead of us.
I’ve said all along that the ISS is a make work project.
But there are a lot more things to launch than missions to the ISS. If we are going to continue with the ISS, it’s good to use a company like SpaceX that will do it for a lot less money than the Shuttle.
People don’t.
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