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?”
Real fraud going on is denial of climate science. As for “subsidies”, Tesla gets pennies on dollar vs coal. How about we both go to zero?
— Elon Musk (@elonmusk) October 10, 2016
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.