Elon Musk, Tesla, SpaceX spend millions to influence politics and


Tesla head Elon Musk talks to the press as he arrives to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany.

Maja Hitij | Getty Images

Elon Musk has told his tens of millions of social media followers that he “would prefer to stay out of politics.”

Yet, with a mix of trash talk and big spending, the multibillionaire mogul behind Tesla and SpaceX has become a political force.

Musk himself has personally taken shots at politicians and government regulators, including digs at President Joe Biden and a recent sexually tinged insult aimed at a U.S. senator. Behind the scenes, Musk and his biggest companies, SpaceX and Tesla, have for years worked to influence the U.S. political landscape, including through lobbying and political donations. Combined, SpaceX and Tesla have spent over $2 million on lobbying this year.

Musk has also recently vocally opposed Biden’s support for organized labor. In particular, he objects to a tax credit proposal that would give a $4,500 discount to consumers buying electric vehicles made by unionized autoworkers, giving Big Three automakers an edge over Tesla, Toyota and others.

Musk has also ranted against a proposed billionaire’s income tax, accused federal vehicle safety regulators of anti-Tesla bias, and upbraided the Federal Aviation Administration for having a “fundamentally broken regulatory structure,” in his view.

His companies have put their money to work to influence the government in other ways. During the third quarter, which spanned from July through September, Tesla and SpaceX both lobbied Biden’s White House and other parts of his administration, according to recent disclosures.

Musk’s aerospace company, SpaceX, has spent just under $1.8 million this year alone on lobbying, after spending over $2 million last year, according to data from the nonpartisan Center for Responsive Politics.

Tesla, the electric car and renewable energy company he runs, has spent over $400,000 on federal lobbying this year through September, already more than it spent in the entirety of last year.

By way of comparison, Ford has spent $2.6 million on lobbying this year. (The company sells millions of vehicles annually, while Tesla has not yet surpassed 1 million deliveries in a single year.) Jeff Bezos’ aerospace venture, Blue Origin, has spent around $1.4 million on lobbying so far this year.

Musk, Tesla, SpaceX and the White House did not return requests for comment for this story.

Working with both sides

Even when he avoids commenting on a hot button issue, such as Texas’ restrictive abortion law, Musk makes political waves.

“In general, I believe government should rarely impose its will upon the people, and, when doing so, should aspire to maximize their cumulative happiness,” Musk told CNBC in a September tweet responding to a question about the Texas law. “That said, I would prefer to stay out of politics.” Musk’s companies and private foundation are growing…



Read More: Elon Musk, Tesla, SpaceX spend millions to influence politics and

business newsElonElon MuskFord Motor CoinfluenceJoe BidenmillionsMuskPoliticsRon WydenSpaceXspendTechnologyTeslaTesla Inc
Comments (0)
Add Comment