Musk once showed he knew how to fill a market niche, but lately he has specialized in taking the easy way to more wealth, bilking taxpayers out of billions of dollars through various crony socialist schemes requiring generous state and federal subsidies doled out to his high tech money-losing efforts.
Alt-energy/transport-tech CEO Elon Musk and his trio of companies (Tesla, SolarCity and SpaceX) didn’t cooperate with the Los Angeles Times on its article that tabulated his businesses’ whopping sum of corporate welfare ($4.9 billion), and he was predictably miffed by the (accurate) portrayal.
Tesla’s once-Teflon Elon Musk has another lithium ion battery fire to explain. Two Model S fires in less than a month have knocked Musk down to earth, while Tesla’s stock has been brought back into this planet’s atmosphere. Despite the Volt findings and the Tesla causes, all is not right in the electric transportation sector and taxpayers ought not to be forced into financing the speculation.