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April 15, 2012 (National Legal and Policy Center) Taxpayers Subsidize Forbes 'Green' Billionaires' Schemes........Musk, best known as co-founder of the company that became PayPal, is Chairman of SolarCity and CEO of Tesla. According to the Center for Responsive Politics, SolarCity spent $535,000 in 2009 and 2010 to lobby Congress and the Department of Energy on climate legislation, the Recovery Act, “green workforce training and development,” and provisions in various legislation “relevant to solar development.”

SolarCity has sought to extend a program, due to expire at the end of 2012, that delivers to manufacturers an upfront cash grant in lieu of a 30 percent Investment Tax Credit (called the Section 1603 grant program). So far, according to DOE reports, SolarCity has received more than $66 million from that program.

The company also won a partial guarantee from DOE of a $344 million loan that will place up to 160,000 rooftop solar installations on military housing across the country..........."

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Tesla has even more questionable connections:

Tesla brings political pull, as well. A former Tesla board member, Steve Westly, is an Obama bundler who raised hundreds of thousands of dollars for the president in 2008 and for his 2012 re-election campaign. His Westly Group was also a financial supporter of Tesla Motors until Tesla went public in 2010, and Westly continues to back the company.

Tesla’s founder and CEO, Elon Musk, is a hearty political contributor who has primarily backed Democrats, including Obama. According to published reports, another Tesla investor is Nick Pritzker, a donor to Obama and a cousin of Penny Pritzker, the national finance chair of Obama’s 2008 campaign...." Source

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Tesla shares drop after cutting outlook [amends loan agreement with U.S.Energy Dept]

3 posted on 10/12/2012 1:04:22 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

Thanks Cincinatus’ Wife. This is a brilliant discovery. Can’t get my head around it tonight but will save it for tomorrow.


4 posted on 10/12/2012 1:09:34 AM PDT by bronxville (Margaret Sanger - “We do not want word to go out that we want to exterminate the Negro population,)
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To: All
.....Manufactured by Musk's Space Exploration Technologies Corp. ("SpaceX"), the Falcon 9 also failed to deliver as promised when it placed a prototype Orbcomm OG2 satellite into a lower orbit than required......

ORBCOMM Satellite Launched by Falcon 9 Has Fallen to Earth

5 posted on 10/12/2012 1:10:59 AM PDT by Cincinatus' Wife
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