"WP": The United States supported Musk's empire with $38 billion
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current role of DOGE chief seems paradoxical to Sonnenfeld. In the professor's assessment, Musk "has been a great beneficiary of national industrial policy, especially the Democratic national industrial policy," the scientist said.
DOGE, created after President Donald Trump took power, is seeking to reduce staff, cut budgets or cancel contracts in all seven agencies with which Musk's companies cooperate, The Washington Post noted. (PAP)
os/ mms/
Elon Musk, who as head of the US Department of Government Efficiency (DOGE) is to reduce budget spending, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $38 billion, the Washington Post reported on Wednesday.
The daily, which analyzed the finances of Musk's companies, claims that they have been receiving money for more than 20 years, and almost two-thirds of the amounts have gone to him in the last five years. In 2024 alone, federal and local authorities have pledged to transfer "at least 6.3 billion" to companies owned by the world's richest man, the daily emphasized.
WP noted that the total amount that Musk received from the budget is probably even higher. The daily only had access to publicly available contracts. In addition to them, however, the billionaire's companies concluded secret contracts related to the military and intelligence industries. In these cases, reporters could indeed access information about the contract itself, but not about specific amounts.
The newspaper estimated that Musk’s companies currently have 52 contracts with seven government agencies. They should generate $11.8 billion in revenue over the next few years. Tesla alone has received a total of $11.4 billion in loans from budget programs aimed at helping the electric car industry.
Musk's relations with government agencies have been mutually beneficial, WP emphasized. The businessman specialized in pioneering ventures that contributed to the implementation of such US government goals as space exploration and the expansion of the electric vehicle market. The daily also emphasized that although many of the government programs that Musk took advantage of are also available to other companies in the automotive industry, none of them have reached Tesla's market position.
“Not all companies of Musk’s size were as dependent on the federal budget. Not Nvidia, not Microsoft, not Amazon, not Meta,” Yale University management professor Jeffrey Sonnenfeld told the newspaper. The researcher noted that a large portion of the money went to Musk during the Democratic Party’s term.
The current function of the head of Doge seems to be a paradoxical Sonnenfeld.
Doge, created after the takeover of power by President Donald Trump, strives to reduce staff, budget savings or cancel of contracts in all seven agencies with which Muska cooperates - noted "The Washington Post" (PAP).
OS/ MMS/
Elon Muska, who, as the head of the American Department of State Performance (Doge), is to reduce budget expenditure, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $ 38 billion - he said "Washington Post" on Wednesday.
The journal, which analyzed the finances of Muska, claims that they have received money for over 20 years, and nearly 2/3 of the amounts went to it in the last five years.
"WP" noted that the full amount of Musk was probably even greater.
The newspaper has currently connected 52 contracts with seven government agencies.
Musk's relations with government agencies were beneficial for both sides, the businessman emphasized. Tesla's position.
"Not all companies of this scale (which Muska's enterprises) were so dependent on the federal budget.
The current function of the head of Doge seems to be a paradoxical Sonnenfeld.
Doge, created after the takeover of power by President Donald Trump, strives to reduce staff, budget savings or cancel of contracts in all seven agencies with which Muska cooperates - noted "The Washington Post" (PAP).
OS/ MMS/
Elon Muska, who, as the head of the American Department of State Performance (Doge), is to reduce budget expenditure, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $ 38 billion - he said "Washington Post" on Wednesday.
The journal, which analyzed the finances of Muska, claims that they have received money for over 20 years, and nearly 2/3 of the amounts went to it in the last five years.
"WP" noted that the full amount of Musk was probably even greater.
The newspaper has currently connected 52 contracts with seven government agencies.
Musk's relations with government agencies were beneficial for both sides, the businessman emphasized. Tesla's position.
"Not all companies of this scale (which Muska's enterprises) were so dependent on the federal budget.
The current function of the head of Doge seems to be a paradoxical Sonnenfeld.
Doge, created after the takeover of power by President Donald Trump, strives to reduce staff, budget savings or cancel of contracts in all seven agencies with which Muska cooperates - noted "The Washington Post" (PAP).
OS/ MMS/
Elon Muska, who, as the head of the American Department of State Performance (Doge), is to reduce budget expenditure, built his empire with the support of government loans, subsidies, contracts and tax breaks worth a total of $ 38 billion - he said "Washington Post" on Wednesday.
The journal, which analyzed the finances of Muska, claims that they have received money for over 20 years, and nearly 2/3 of the amounts went to it in the last five years.
"WP" noted that the full amount of Musk was probably even greater.
The newspaper has currently connected 52 contracts with seven government agencies.
Musk's relations with government agencies were beneficial for both sides, the businessman emphasized. Tesla's position.
"Not all companies of this scale (which Muska's enterprises) were so dependent on the federal budget.
The current function of the head of Doge seems to be a paradoxical Sonnenfeld.
Doge, created after the takeover of power by President Donald Trump, strives to reduce staff, budget savings or cancel of contracts in all seven agencies with which Muska cooperates - noted "The Washington Post" (PAP).
OS/ MMS/
dziennik
