Elon Musk rips the political class again, saying 'government is inherently not a good steward of capital' even though his companies thrived from government subsidies
to Wdyen's appearance on Twitter. He's remained firm in his stance that the government should stay out of his wealth.
"They're basically saying they want control of the assets," Musk said in a recent interview with TIME."This does not result in, actually, the good of the people. You want those who are managing capital to be good stewards of capital. And I think the government is inherently not a good steward of capital."
However, government subsidies are largely to thank for the mountains of money Musk holds today. As the founder of electric vehicle company Tesla, the Wall Street Journalthat Musk received a $465 million loan from the Energy Department in 2010 that was paid back in 2013. The government's $7,500 tax credit has also made purchasing Tesla vehicles cheaper for consumers, although that credit phased out for the company last year.
Despite the early government support Tesla received, Musk has still spoken out against government subsidies, writing in a recent tweet that it"has always been Tesla's view that all subsidies should be eliminated."
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