Elon Musk accuses Ralph Nader of 'lying' over claims he took 'taxpayers to the cleaners' with Tesla
Nader, 88, accused Musk of taking"taxpayers to the cleaners for his factories and for Starlink. He is a gigantic corporate welfare king masquerading as a capitalist businessman."It was not clear why Nader made the accusations about Musk and Tesla. The tweet ends with"-R," meaning it was written by Nader himself rather than one of his staff.
:"Ralph Nader, you are lying – shame on you! I personally provided almost all Tesla funding, based on my proceeds from PayPal."He became the largest shareholder in Tesla after making a $6.5 million investment in 2004 and took over as CEO in October 2008. "In late 2008, I gave Tesla the last money I had. It was that or the company would have died. We closed that funding round at 6pm on Christmas Eve," Musk tweeted."If we had not closed that round, Tesla would have gone bankrupt 2 days after Christmas. I gave my last money thinking Tesla would probably still die, not thinking that it would be lucrative."
Musk added in his tweet to Nader that the"first meaningful government funding" Tesla received was in the second quarter of 2010.Tesla got about $465 million from the Department of Energy to accelerate the production of electric vehicles. Musk concluded that"Tesla paid back that loan early with interest" and"taxpayers actually made a profit." In a press release in May 2013,
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