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IPFS News Link • Business/ Commerce

Tesla Receives 30% of Cal Tax Credits for Promising 4500 Jobs

• Breitbart

According to Governor Brown's GO-Biz website, tax credits are awarded to businesses that come or stay and grow in California. With much of his $13.3 billion net worth coming from tax subsidies, Musk may celebrate his latest gift of "government cheese" from Reno, where Tesla's highly-subsidized $5 billion giga-factory is being built.

The latest case of crony capitalist donation of taxpayer funds will join the $4.9 billion in taxpayer-funded incentives that Elon Musk has pocketed from his three companies, which were instrumental in building his $13.3 billion net worth.


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