tesla owners, like me by the way, have for many years received general tax incentives and credits from the federal and many state governments. in 2010 after a global recession, when tesla was the fraction of the size it is now, the company got a $465 million loan from the department of energy, which gave it a desperately needed shot in the arm. the state of nevada gave tesla a $1.25 billion tax incentive package to build a battery factory there. solar city benefited from all kinds of subsidies and tax credits that incentivized the production and installation of solar panels. and liftoff. and spacex s largest customers, of course, are federal government agencies from nasa to the department of defense. musk defends himself by saying he s in favor of getting rid of all subsidies because he wants those for oil and gas eliminated as well. oil and gas subsidies should be pared back but there are not as many as people seem to think.
spacex and solar city would probably not even exist if not for federal support. tesla owners, like me, by the way, have for many years received general tax incentives and credits from the federal and state governments. in 2010 after a global recession, when tesla was the fraction of the size it is now, the company got a $465 million loan from the department of energy, which gave it a desperately needed shot in the arm. the state of nevada gave tesla a $1.25 billion tax incentive package to build a battery factory there. solar city benefited from all kinds of subsidies and tax credits that incentivized the production and installation of solar panels. and liftoff. and spacex s largest customers, of course, are federal government agencies from nasa to the department of defense. musk defends himself by saying he s in favor of getting rid of all subsidies because he wants those for oil and gas eliminated