Musk’s Companies Have Received Over $38 Billion In Federal Aid: Washington Post

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India-West News Desk

WASHINGTON, DC– Elon Musk’s companies, Tesla and SpaceX, have received more than $38 billion in federal aid and contracts over the past two decades, according to an investigation by The Washington Post published on February 26.

The report details how Tesla, Musk’s electric vehicle company, has benefited from nearly $15.7 billion in government support, while SpaceX, his aerospace firm, has secured approximately $22.6 billion in funding and contracts. These include loans, tax credits, and state incentives that have fueled their expansion.

Tesla, for instance, received a $465 million loan from the U.S. Department of Energy in 2010 under the Advanced Technology Vehicles Manufacturing program, which it repaid in 2013. The company also benefited from a $7,500 federal EV tax credit until 2019, when it reached the 200,000-vehicle sales threshold the Washington Post said. Additionally, Tesla generates revenue by selling carbon credits to other automakers and has received state-level incentives to support electric vehicle production and infrastructure.

Meanwhile, SpaceX has been awarded billions in NASA contracts, including funding under the Commercial Crew Program for missions to the International Space Station and the Commercial Resupply Services program for cargo deliveries. The company has also secured contracts from the U.S. Department of Defense for military satellite launches and national security operations.

According to The Washington Post, much of this government support was allocated during Joe Biden’s presidency from 2021 to early 2025, providing financial backing for Musk’s ventures in electric vehicles and space exploration.

Musk, who currently leads the Department of Government Efficiency (DOGE), has overseen budget and staffing reductions across multiple federal agencies. The Washington Post investigation raises questions about government incentives in corporate growth and Musk’s role in federal budget decisions.