Elon Musk’s secret? Taxpayer money, L.A. Times says
Hey entrepreneurs and folks who run small businesses, d’ya think you could make your business, whatever it is & however it’s doing, look viable if it had a $4.9 billion backstop?Musk’s companies — Tesla Motors Inc. TSLA, -0.54% SolarCity Corp. SCTY, +0.93% and privately held Space Exploration Technologies Corp., known as SpaceX — “together have benefited from an estimated$4.9 billion in government support…”
Tesla is a government program. It’s effectively a department of the government, whether or not this is how it is treated for accounting purposes. When you see some douchebag driving a Tesla you are seeing a car you helped that buy for that douchebag.
GO READ THE WHOLE THING.