Is It True That Elon Musk Uses Tesla'S Money To Fund His Other Projects?

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Elon Musks Elan, as it turns out, is getting other people--customers, competitors, to finance the massive capital costs and infrastructure associated with his friction-filled businesses.

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SpaceX is still a private company; in the SolarCity IPO, Musk did not sell any shares,

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while in Teslas IPO, Musks proceeds totaled $15 million.

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Tesla Motors Inc and SolarCity Corp still report a net loss after a decade of operations,

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but the stocks in both companies have skyrocketed based on their potential; L.A.-based entrepreneur Elon Musks stake in the firm alone is valued at around $10 billion.

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Over the years, one Musk firm - one of many - has received billions in state loans, contracts, tax breaks, and subsidies.

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Elon Musk has said quite openly that Tesla does not need any government subsidies,

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Tesla is one of the founding members of the organization created by EV manufacturers,

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the Zero-Emissions Transportation Association (ZETA), which advocates just this.

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Does Tesla Bot Have Potential To Replace The Majority Of Physical Labor? - haymakertavern

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