I never said that it was all subsidies. I said that his other successful businesses have been propped up by government cash, which is objectively true. If it hadn't been for government contracts or tax exemptions there wouldn't be a SpaceX or a Tesla, or they would have struggled way more and been a fraction of the size. It's not necessarily a bad thing that his businesses were enabled by big government help, as there is a clear national interest in having more space travel and electric car options.
The problem is if Elon has become too overconfident in entering difficult business areas because his companies have been saved multiple times by government contracts and deals. Does he start to think he can save any business in any difficult space because he pulled off SpaceX and Tesla? Is the government going to bail out Twitter for national security interests if he messes up?
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I never said that it was all subsidies. I said that his other successful businesses have been propped up by government cash, which is objectively true. If it hadn't been for government contracts or tax exemptions there wouldn't be a SpaceX or a Tesla, or they would have struggled way more and been a fraction of the size. It's not necessarily a bad thing that his businesses were enabled by big government help, as there is a clear national interest in having more space travel and electric car options.
The problem is if Elon has become too overconfident in entering difficult business areas because his companies have been saved multiple times by government contracts and deals. Does he start to think he can save any business in any difficult space because he pulled off SpaceX and Tesla? Is the government going to bail out Twitter for national security interests if he messes up?