Am I misunderstanding this, or this article is just absurd?
Elon Musks growing empire is fueled by $4.9 billion in government subsidies - LA Times
Lets talk about Elon Musk's "empire"
- Tesla has gotten loans, under conditions, repaid back early with interest. Plus they have produced awesome technology, saved loads of pollution, and gas.
- Solar city has saved loads of CO2 emission, or nuclear waste.
- SpaceX has presented the only viable route to space, cheaper than even China - for the country that put man on the moon, we today rely on Russia for access to space. That is shameful.
Meanwhile, government motors cost us $11.2b and still continues to build inefficient unreliable cars.
And their "business plan" is to sell Volt and Bolt at a loss to drive Tesla out of business.
http://www.reuters.com/article/2014/04/30/us-autos-gm-treasury-idUSBREA3T0MR20140430
and
http://www.reuters.com/article/2012/09/10/us-generalmotors-autos-volt-idUSBRE88904J20120910
Am I misunderstanding this? If not, why do we tolerate such nonsense in leading newspapers?