CNBC Tears Down Elon Musk’s Snarky Response To A Coal CEO

Elon Musk

Elon Musk

CNBC corrected Tesla CEO Elon Musk Monday after he falsely claimed in a tweet that the coal industry receives more government handouts than renewable energy companies.

Musk, who owns more than 20 percent of Tesla, tweeted out a response to comments made by Murray Energy CEO Robert E. Murray on “Squawk Box” suggesting that Tesla “has gotten $2 billion from the taxpayer,” and “has not made a penny yet in cash flow.”

The government could shutter every single coal plant in the country, Murray added, and not see any discernible reduction in the Earth’s temperature.

Musk apparently didn’t take kindly to the inference that one of his companies is failing despite being recipients of heavy government subsidies, so he took to Twitter, and wrote: the “real fraud going on is denial of climate science.” He attached the video of Murray to the tweet.

Tesla receives far less in subsidies than the coal industry, Musk added, “How about we both go to zero?”

CNBC noted Musk’s claim, did a quick fact-check, and found that the renewable energy industry actually receives far more handouts than the coal industry.

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Comments (6)

  • Avatar

    Amber

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    It’s not complicated . No business should have their hand in the tax payers pockets .
    What did the bailout of banks cost ? Any charges laid ? No . The bonuses came back quick though .
    Simplify the tax code and stop the pork . The subsidy game and tax credits ensures politicians can be bought . But mostly the tax payers pick up the tab with no say .
    How about a tax code that the average citizen could understand and that isn’t designed so that $Trillions in tax are avoided .

    Reply

    • Avatar

      Zwalderon

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      I disagree with you.
      It’s reasonable for the government to use the tax code to encourage industries that benefit society. Certainly electric cars and green energy qualify in that regard. Coal does not.

      Reply

    • Avatar

      Pete

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      Two giant thumbs up buddy

      Reply

      • Avatar

        Pete

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        Just to clarify my thumbs where up for amber not z man

        Reply

  • Avatar

    Zwalderon

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    CNBC got it totally wrong.
    Since 1935, when coal subsidies began, the coal industry received over 70 billion dollars.

    Reply

    • Avatar

      Patryk Matusiewicz

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      Not only that but they comparing coal vs whole renewable sector, what about if we go fossil fuel vs renewable. In 2015 fossil industry received over 20bln(according to oil change int.) and that’s only federal not counting state. CNBC should also provide their sources as some people are actually doing REAL FACT CHECKING.

      Reply

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