Tesla questioned answered on the fly... - Galt's Gulch

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Tesla questioned answered on the fly...

Posted by Abaco 9 years, 7 months ago to Business

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In some of my work I was asked by a client what I thought I Tesla - in terms of the stock. In my answer I blurted out (almost without thought) "If the Federal government doesn't shut him down Elon will go down in history as an American business success story." In reality, he already has. But...spoken like a true Objectivist - haha... I'm a big fan of the company and its CEO.

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Posted by LionelHutz 9 years, 7 months ago

He's a visionary - I'll give him that.
But I don't think you have to fear the Federal government shutting him down. He's big into solar power, is anti Keystone pipeline, and signed on to "The Giving Pledge".

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Posted by straightlinelogic 9 years, 7 months ago

It is my understanding that Elon Musk has received billions in direct and indirect subsidies from the federal government, state governments, and foreign governments. Correct me if I'm wrong, but that's hardly my idea of an American business success story.

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  Posted by Abaco 9 years, 7 months ago
  
  I am not familiar with any of that.
  
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    Posted by straightlinelogic 9 years, 7 months ago
    
    I didn't have time to do a lot of research, but here is an article that mentions some of the various subsidies and government favors that have directly benefited Musk. I don't necessarily endorse the article's conclusions, but I believe it has it facts straight about Musk's subsidization.
    
    http://www.newrepublic.com/article/11333...
    
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