President Trump has threatened to chop the US authorities’s ties with Elon Musk’s companies after the previous “first buddy” fell out with the commander in chief.
As Musk started slashing away at what he known as authorities waste with the Division of Authorities Effectivity earlier this yr, stories started rising that the Tesla founder’s companies had acquired at the very least $38 billion in authorities contracts, loans, subsidies and tax credit via the years.
Practically two-thirds of the cash has been promised to Musk’s companies prior to now 5 years, the Washington Put up reported.
Many stories counsel that the portion of Musk’s web value that comes from authorities contracts and subsidies may very well be occasion increased.
Right here is a few of the funds Musk has acquired from federal and state businesses:
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- SpaceX has acquired $22 billion in federal spending, in accordance with SpaceX President and COO Gwynne Shotwell. It operates the one US-based spacecraft able to carrying astronauts to the Worldwide House Station.
- Dozen of contracts with NASA, the Protection Division and 5 different authorities businesses are set to pay Musk’s firms one other $11.8 billion within the coming years
- Starlink secured $6 billion in federal contracts from 2022 to 2023, in accordance with the federal authorities’s spending database
- Tesla has acquired greater than $11 billion in regulatory credit from federal and state governments, in accordance with WaPo’s evaluation
- That features $2.1 billion in federal funds to develop new EVs and batteries, in accordance with the Good Jobs First advocacy group
- Since 2014, a couple of third of Tesla’s $36 billion in income stem from promoting federal and state regulatory credit to different automakers
- Tesla has additionally acquired almost $800 million from the Vitality and Treasury Departments since 2007
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