Group 1 - Federal contracts have played a significant role in the success of Tesla and SpaceX, as highlighted by investor Ross Gerber [1][2] - Over the past two decades, Tesla and SpaceX have received more than $38 billion in federal contracts, subsidies, or loans [3] - SpaceX has utilized a legal tax benefit to offset future taxable income, saving over $3 billion by using more than $5 billion in losses incurred by the end of 2021 [5] Group 2 - SpaceX was a frontrunner in the Golden Dome missile defense system and received $119 million in funding from Montana for its Starlink service [4] - Tesla's sales were boosted by the $7,500 Federal EV Credit, which was recently scrapped [6] - Elon Musk criticized Senator Bernie Sanders, emphasizing that his wealth is tied to the performance of Tesla and SpaceX [7]
Tesla, SpaceX Benefited Heavily From Federal Contracts, Says Ross Gerber: 'Massive Contribution...' - Tesla (NASDAQ:TSLA)