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Elon against debt spending


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2025 Jun 30, 7:12pm   103 views  4 comments

by Fortwaye   ➕follow (3)   ignore (1)  

https://x.com/elonmusk/status/1939820926331494694

after he sacrificed a lot to cut spending.

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2   Misc   2025 Jul 1, 1:16am  

Over the last decade, Tesla has benefited from a combination of direct subsidies, tax breaks, and government contracts totaling at least $38 billion. These funds have come from various sources, including the US government, state governments, and even foreign nations. A significant portion of this funding has been directed towards supporting electric vehicle development and manufacturing, including tax credits for consumers purchasing Tesla vehicles and incentives for building manufacturing facilities.
Here's a breakdown of the types of subsidies Tesla has received:
Federal Loans and Grants:
.
In 2010, Tesla received a $465 million loan from the Department of Energy to support the development of the Model S.
Consumer Tax Credits:
.
The US government offers a tax credit of up to $7,500 for buyers of electric vehicles, which has significantly reduced the cost of Tesla vehicles.
State and Local Incentives:
.
Many states and local governments have offered tax breaks, grants, and other incentives to Tesla, including exemptions from property and sales taxes.
Regulatory Credits:
.
Tesla has also benefited from regulatory credits designed to encourage the production of electric vehicles, which it can sell to other companies.
Government Contracts:
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Tesla has also secured contracts with government agencies like NASA and the Department of Defense, particularly for its work in space exploration and satellite launches.
Overall, these subsidies have played a crucial role in Tesla's growth and success, particularly in its early years. While Elon Musk has sometimes been critical of government spending, his companies have been major beneficiaries of taxpayer funds.
Elon Musk's business empire is built on $38 billion in ...
Feb 26, 2025 — Automotive credits were key in Tesla's first full year of profitability. $15 billion. 10. Tesla's net income with cred...

The Washington Post

Report Says Elon Musk's Businesses Have Been Awarded $38 ...
Mar 3, 2025 — The money primarily came from contracts with NASA and the Department of Defense, which have relied on SpaceX for space ...

Yahoo Finance

Tesla Motor's Government Income
Nevada exempted the company from any property taxes for ten years and sales taxes for twenty years, a value of approximately $1.1 ...
UNC School of Law Journals
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3   PanicanDemoralizer   2025 Jul 1, 1:27am  

Yeah, the EV, Green Deal, and other Renewable Energy subs are going, which is why Elon has been on a "Muh Solar" post crusade.
4   clambo   2025 Jul 1, 8:39am  

Don't forget SpaceX will be paid $800 billion to push the space station lower so it burns up; then we'll pay to build a new one.

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