Friday, March 1, 2024
Business News

Shame on you: Musk as Nader says Tesla was started with govt grant

The rivalry between the famous American activist Ralph Nader and the CEO of Tesla, Elon Musk, has escalated to new heights as Nader claimed that Tesla was started with a “huge US government welfare grant”. The statement by Nader has angered Elon Musk, who has vehemently denied the claim and called Nader a liar.

In his response to Nader’s allegations, Elon Musk revealed that he personally provided almost all the funding for Tesla. He explained that in late 2008, he gave Tesla the last bit of money he had. If he hadn’t done so, the company would have gone bankrupt.

Tesla is a well-known electric vehicle and clean energy company that has seen tremendous success in recent years. However, Nader’s comments about the company’s beginnings have caused quite a stir. The comments suggest that Tesla’s success was not solely due to its innovative technology but also because of a government grant.

Nader, who is a renowned consumer advocate, has been known for his criticism of large corporations and their practices. However, his comments about Tesla’s government grant have been met with a lot of skepticism. Many have pointed out that Tesla did receive a loan from the Department of Energy, but it was not a grant, and the loan was paid back early.

Elon Musk’s denial of Nader’s claims has only added fuel to the fire, as many are now questioning the authenticity of Nader’s statements. The exchange between the two has also caused a lot of debate around the topic of government grants and their role in the success of private companies.

While the controversy between Ralph Nader and Elon Musk continues, it is essential to remember that Tesla’s success is not solely due to government grants or Musk’s funding but also the company’s innovative technology, hard-working employees, and commitment to clean energy. Nonetheless, Nader’s claims have sparked a necessary discussion on the role of government grants in the private sector, and it will be interesting to see how this conversation develops.