Liberal billionaire Elon Musk is using his taxpayer-backed space company to prop up his ailing taxpayer-backed solar panel company. Musk’s SpaceX will pump another $75 million into SolarCity, according to a Monday report by a financial news outlet. SolarCity offered to sell $95 million in short-term bonds with a very high interest rate of up […]Read more "Elon Musk Spends $75 Million to Prop up Solar Company… Again"
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 […]Read more "How it Adds Up: Elon’s $4.9 Billion"
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 […]Read more "Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies"