Taxpayer Subsidies Keep Elon Musk's Companies Afloat

Well, somebody did it, and it was the mainstream media. Congratulations to the Los Angeles Times for taking the time to research and estimate the total amount of U.S. public (local, state, and federal) subsidies for companies owned or run by South African-born Canadian-American Elon Musk.
The total amount calculated by reporter Jerry Hirsch for taxpayer-backed incentives – of many different forms, including tax credits and rebates provided to customers – was $4.9 billion. The corporate beneficiaries have been Tesla Motors and SpaceX, where Musk is CEO, and SolarCity Corp., where he is chairman.


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Next Stop: International Space Station

Privately-owned company SpaceX [Space Exploration Technologies Corp., owned by PayPal co-founder Elon Musk] launches Dragon capsule, filled with 1,000 pounds of supplies, to the International Space Station as part of $1.6 billion contract with NASA for resupply missions. Read more at Fox News...  

Go Dragon! --bc
About Elon Musk: The Believer at GQ Read More......