Elon Musk has shared his newest insights on authorities subsidies for Tesla and SpaceX, as a part of a dialog happening on X over the previous couple of days.
Vinod Khosla, proprietor of the agency Khosla Ventures, exchanged posts with Musk on X final week and into Saturday night time, in an general sweeping dialog on unlawful immigration, authorities subsidies, and the 2024 election. On Saturday night, nevertheless, the dialogue turned towards Musk’s personal corporations, when Khosla questioned Musk on whether or not Tesla “may have survived” with out electrical automobile (EV) subsidies, additionally asking how a lot cash SpaceX receives from the federal government.
“How a lot authorities cash does SpaceX get? May Tesla have survived with out EV subsidies?” Khosla wrote. “Sadly Twitter doesn’t get authorities cash I suppose. Which of those would you somewhat the federal government didn’t spend cash on and scale back the deficit?”
In response, Musk defended his corporations, saying that EV subsidies solely make up a small portion of Tesla’s income, whereas SpaceX doesn’t get subsidies in any respect. As well as, the Tesla CEO pointed the dialog towards oil and gasoline corporations, which he notes are getting large tax breaks from the federal authorities.
Learn Musk’s full response to Khosla beneath:
Do a little analysis earlier than you show your utter ignorance. SpaceX will get no subsidies and obtained half as a lot as Boeing for astronaut transport, however did one hundred pc of the work.
As for Tesla, take a minute to learn our public filings and you will note that EV incentives characterize a minor a part of our income. Alternatively, oil & gasoline corporations get large tax breaks that exceed these given to the EV business by a number of orders of magnitude.
Get up.
Musk’s endorsement of Donald Trump within the 2024 U.S. election
The response got here as a part of talks about 2024 Republican Presidential candidate Donald Trump, who Khosla claimed “hates immigrants like [him.]” It additionally comes as the newest of Musk’s conversations on X in assist of the previous President this yr.
The Tesla CEO formally endorsed Trump on this yr’s election in July, and he has been more and more sharing content material associated to topics like unlawful immigration, the federal price range deficit, and overreach of presidency companies during the last a number of months.
Donald Trump says he’ll rent Elon Musk for this place, and he’s ‘agreed’
Musk’s different statements on subsidies in the previous couple of years
Musk has additionally spoken up on authorities subsidies a number of occasions up to now, highlighting in a put up on X in July that he wouldn’t thoughts seeing all subsidies go away.
Take away the subsidies. It can solely assist Tesla. Additionally, take away subsidies from all industries!
Simply days later, Musk additionally added {that a} “stunning variety of individuals assume that Tesla survives on subsidies,” noting that the declare was solely true of Tesla’s opponents.
He has additionally made statements on ending authorities subsidies way back to 2021, when the Tesla CEO informed the Wall Avenue Journal that the U.S. ought to keep away from passing President Joe Biden’s Construct Again Higher invoice, as a result of large authorities deficit that already exists.
Actually, I’d simply can this complete invoice. Don’t cross it. That’s my suggestion.
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