Elon Musk Guzzled $5BILLION Of Taxpayer Dosh


Elon Musk may have a reputation for being a Randian entrepreneur, trailblazing a future for electric cars, cheap rockets and solar energy, but new research shows that he has snaffled $4.9 billion in government support. While the figure uncovered by the LA Times does include tax-breaks, it also shows that Musk has raked in vast amounts in government incentives, grants and discounted loans – not to mention the discounts enjoyed by his electric car and solar panel customers who have also been bathing in the US government’s taxpayer funded largesse. Musk has also been raking it in by selling off government-awarded environmental credits to less planet-hugging car manufacturers..

It’s hard to blame Musk – who wouldn’t take the free money? But it does somewhat dull the shine of his self-made billionaire status…

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Quote of the Day

Dr Alexander Kogan, the app developer who originally harvested the Facebook data, said…

“I think what Cambridge Analytica has tried to sell is magic and made claims this is incredibly accurate and it tells you everything there is to tell about you. But I think the reality is it’s not that. If you sit down and you really work through the statistics and you think what does a correlation of point three means, those claims quickly fall apart. And that’s something any person with a statistical background can go and do.”


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