Elon Musk Wants to Have His Cake and Eat It Too ...Middle East

Elon Musk’s business empire has been built with government money. His spacecraft manufacturing and launching company, SpaceX, exists largely as a conduit for government contracts, having inked $15.3 billion worth of them since 2003, with another $1.2 billion reportedly in the works. Tesla, meanwhile, received a critical $465 million loan guarantee via the American Recovery and Reinvestment Act in 2010. The company has also dropped the price of its cars, very likely so that they can qualify for the tax breaks offered by the Inflation Reduction Act. Its extensive charging network—dominating the market in this country—will benefit from both the Bipartisan Infrastructure Act and the state-backed

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Last updated : 28 Nov 2023 clock 09:25 PM

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Elon Musk Wants to Have His Cake and Eat It Too ...Middle East

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