Musk’s Tesla Benefited From Stimulus, But He Opposes More Now

(Bloomberg) — Elon Musk, whose Tesla Inc. was a major beneficiary of government stimulus in the wake of the last global financial crisis, has soured on the concept.The outspoken chief executive officer of both Tesla and U.S. government contractor SpaceX tweeted Friday that “another government stimulus package is not in the best interests of the people,” in his opinion.A decade before Tesla became the world’s most valuable automaker by market capitalization, the company survived the Great Recession by the skin of its teeth — in Musk’s own words — thanks in part to a $465 million federal loan to design …read more

Source:: Yahoo Finance

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