Desmond Butler
Appearances
Apple News Today
How Musk built his empire off of government contracts
There were $38 billion in contracts, loans, subsidies and tax credits.
Apple News Today
How Musk built his empire off of government contracts
And there is an additional 11.8 billion to come.
Apple News Today
How Musk built his empire off of government contracts
There was a moment in 2008 when Tesla was really not in a good position, and they sought a loan from the energy department for $465 million. And Musk himself really played a big part in getting that loan, in contacting government officials, And we had former high-ranking employees at Tesla saying that the company probably wouldn't have made it without that loan.
Apple News Today
How Musk built his empire off of government contracts
During the campaign, he called for the end of subsidies across all industries. Well, there's a lot of irony in that because had somebody else done that 20 years ago, we wouldn't have probably Tesla or SpaceX.
Apple News Today
How Musk built his empire off of government contracts
As we watch a lot of the very exuberant cost cutting, we really wanted to point out that Elon Musk is somebody who really benefited from that partnership.
Apple News Today
How Musk built his empire off of government contracts
And you could see it as kind of closing the door after you walk through it. If we want to foster other successful companies, maybe the success of these companies should be an example.