this post was submitted on 17 Feb 2025
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[–] [email protected] 22 points 4 days ago (3 children)

Nice try.

https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

Musk is insane and lies when he opens his mouth. The whole operation runs on government dollars and tax breaks.

[–] Professorozone 7 points 4 days ago (1 children)

I was wondering the same thing. I wasn't aware he got subsidies. The article only pinpoints $4.9B, but it's an old article. Thanks for sharing.

[–] [email protected] 0 points 4 days ago (1 children)
[–] [email protected] 3 points 4 days ago (1 children)

Yes, it talks about spacex winning $17B in federal contracts from the US government. That's not subsidies. The US government is a customer.

If we assume the 1B is the rest for Tesla, that's in EV subsidies. It isn't just Tesla that benefits from those. Any manufacturer that sells EVs does.

[–] [email protected] -1 points 4 days ago (1 children)

Yeah I just gave you a potential source for the meme but I guess if you really want to ride on his dick, he'sonly had 5 billion dollars in subsidies. And if you really want to be technical, that was as of 2015 before inflation. My apologies for stepping on your toes.

https://fortune.com/2025/02/13/elon-musk-rich-taxpayer-expense/

[–] [email protected] 3 points 4 days ago

No need to be so combative. A shitty meme presenting falsehood does not help furthering the cause to tax the wealthy.

[–] [email protected] 2 points 4 days ago* (last edited 4 days ago)

@[email protected]

The article linked in the post I'm replying to, while from 2015, details $5.9 billion of subsidies that no-one I know approved in forms including tax breaks, century long $1 leasing deal in New York, rebates, and gifted sellable carbon credits.

This is separate to the $5.5 billion in SpaceTwitter contracts.

Both numbers, have, I'm sure I don't need to check any data sets to see have gone up in the 10 years since.

[–] [email protected] 0 points 4 days ago (1 children)

Looks like state subsidies, not federal?

On a smaller scale, SpaceX, Musk’s rocket company, cut a deal for about $20 million in economic development subsidies from Texas to construct a launch facility there.

Included in the local subsidies is a 15-year property tax break from the local school district worth $3.1 million to SpaceX. O

[–] [email protected] 0 points 4 days ago

Nice try, stan