Earlier in the day, musk said on twitter that he did not think another government stimulus plan was in the best interests of the people.. If Congress passes the extra aid, he said, it should just send money directly to Americans.
The bill is expected to expand the unemployment benefits that are about to expire, but the amount of assistance will be greatly reduced. The bill plans to issue a new round of $1200 stimulus checks to American adults earning less than $75000 in August, and tens of billions of dollars in aid to schools and universities. The bill may also set aside some funds for new coronavirus testing.
With a fortune of about $67.7 billion, musk is one of the richest people in the world. According to the previous report, he built a growing business empire, including Tesla, solar city, and SpaceX, which received $4.9 billion in government subsidies. The $4.9 billion subsidy is made up of various government incentives, including grants, tax incentives, factory construction, loan discounts, and environmental credit lines Tesla can sell, as well as various tax credits and tax rebates for buyers of solar panels and electric vehicles.
After the 2008 global financial crisis, Tesla received a $465 million federal loan to design electric vehicles and build an assembly plant in California. Tesla paid off its loans ahead of time after it went public, and now employs about 20000 people in the bay area alone.
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