How it Adds Up: Elon’s $4.9 Billion

TESLA MOTORS: $2.391 billion total $1.29 billion — Nevada tax incentives for Gigafactory $45 million — Value of discounted Department of Energy loan $90 million — California Alternative Energy and Advanced Transportation Financing Authority $517.2 million — Sale of California and other regulatory credits $284 million — Estimated value of federal income tax credits for […]

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Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space. And he’s built those companies with the help of billions in government subsidies. Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an […]

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