2025/03/03

Elmo only servers himself

Make no mistake, Elon is serving himself

"Elon Musk says we should “[get rid of all]” government subsidies, that “the government is the biggest corporation with a [monopoly on violence],” and last week [mocked] Washington for hiring more employees at the IRS. Let’s be clear: Elon didn’t build an EV company in South Africa or start a rocket company in Canada. He built Tesla and SpaceX in the United States. And both continue to be *heavily dependent on U.S. government support.* 

There would be no SpaceX without NASA, its largest customer. Tesla built its Fremont factory with a $465 million DoE loan in 2010, and its first 200,000 cars benefited from tax credit subsidies of up to $7,500. For years the company was able to report profits thanks to the “sale” of emissions credits to other carmakers. All told, the company has accepted an estimated $2.5 billion in government support."