Elon Musk Has It All Wrong on Subsidies
If any company has benefited from government support, it’s Tesla.
Crtl-Alt-Delete.
Photographer: Pool/Getty Images EuropeElon Musk doesn’t want subsidies. “Just delete them all,” he said Monday at the Wall Street Journal’s CEO Council Summit, referring to state backing for the electric vehicle market. But that doesn’t mean that Tesla Inc. hasn’t benefited from incentives, or that other companies have no need for them — they do.
This is the second time Musk has come out swinging against government help in recent months. A few weeks ago, the company withdrew its application for state aid for a planned battery factory in Germany, where it was expected to get over 1 billion euros ($1.2 billion) in support. “It has always been Tesla’s view that all subsidies should be eliminated,” he posted on Twitter.