Elon Musk is a South African born Canadian American businessman, engineer and inventor. He is currently the CEO and CTO of SpaceX, CEO of Tesla Motors and Chairman of Solar City.
Musk would like for you to think that he is a successful businessman – an entrepreneur who prides himself on disruption, grand vision and risk taking.
And while his bank account would back up his claim of success ($12.4 billion, making him the 39th richest person in the world) his methods merit more scrutiny.
Elon Musk’s management style and penchant for overpromising, under delivering, and obscuring inconvenient facts has been identified as a potential risk by analysts and observers.
For example, Both Tesla and SpaceX consistently launch products that consistently cost more than their initial price targets; their products are often delivered late or not at all; and the products that do arrive often malfunction. In addition, both companies’ success depends on critical technological breakthroughs that have yet to materialize.
Most importantly, both companies are heavily dependent on government funding despite a public posture that downplays the critical role Federal and state tax dollars play in their survival. Industry observers agree that both Tesla and SpaceX would have folded by now without a steady stream of government funding.
Musk has spent years infiltrating the government – lobbying, campaign contributions, befriending politicians all in order to be able to set up a system where YOU, the taxpayers pay for his endeavors.
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.