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Economy
Tesla Inc. Spent $565K Lobbying for Fed Subsidies Musk Says He Doesn't Need
2017-06-06
[Free Beacon] Tesla Inc. has spent more than $100,000 lobbying specifically on issues related to electronic vehicles and $450,000 lobbying the federal government overall over the last year and a half, according to lobbying disclosure records.

Despite the expenditures, Tesla CEO Elon Musk insists the company does not need such breaks. Musk publicly rebuked President Trump last week when announcing his decision to quit a White House advisory board over Trump's decision to leave the Paris climate accord.

Musk and Tesla shifted their lobbying strategy in recent months in an apparent attempt to try to reach Republicans in Congress and the Trump administration more effectively on "green" energy issues benefitting his companies.

SolarCity, a solar energy company that Musk merged into Tesla Inc. last fall, earlier this year parted ways with two major Democratic lobbying firms--Podesta Group and Roberti Global--and hired at least one Republican lobbying firm instead.
Posted by:Besoeker

#3  I still think the only purpose for the company is debug electric transit for future SpaceX Mars and moon driving machines.
Posted by: 3dc   2017-06-06 13:58  

#2  He may not need it now that Tesla has name recognition, but he certainly needed the money to bootstrap his company into the market place.
Posted by: rjschwarz   2017-06-06 10:15  

#1  This is the money he has paid for indulgences from the regulatory state. He isn't really tied to succeeding, although I'm sure he wouldn't mind. Those payments are public virtue signalling and payment to the leviathan for a service yet to be rendered.
Posted by: no mo uro   2017-06-06 05:37  

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