Elon Musk has leveraged great relationships with politicians and other cronies to build his heavily-subsidized companies and that is no more true than in the case of his third company, the space exploration company SpaceX. Arizona Republican Senator John McCain worked tirelessly on behalf of Musk, who has received many donations from Elon Musk. McCain […]
“So what? No big deal…right? Billions invested, billions lost, what goes up, comes down. Well, that would be true if it weren’t for that fact that billions and billions of the money had come from the American taxpayer…not just venture capitalists. Solar City and Tesla have taken more than $4.9 billion in subsidies from federal […]
“SpaceX is having a tough time. Over the last week, the aerospace company founded and owned by billionaire entrepreneur Elon Musk has suffered a series of setbacks that have led it to postpone the same launch three different times. The root of the problem is with a new kind of fuel SpaceX began using for […]
“SolarCity, the largest U.S. solar panel installer, saw its stock plunge over 30% on Tuesday afternoon after the company reported a disappointing number of installations and a weak financial forecast….” Read More
“Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space. And he’s built those companies with the help of billions in government subsidies…..” Read More
“We live in the gilded age of crony capitalism. If you have any doubt about that fact look no further than Elon Musk’s purchase of a $17 million mansion in Bel Air, California. Who is Elon Musk? He struck it rich with the invention of PayPal. Lately, though, he has cashed in on the Obama “green […]
The Center for Business and Responsible Government (CBRG) is a non-partisan organization dedicated to highlighting cronyism and its effect on American taxpayers and policy. We believe public officials should establish an even playing field for all businesses to compete in the marketplace, not just those special interests who line their pockets.