1. Advertisers are fickle, they are going to spend the money somewhere, because they have to keep their budgets. If Twitter isn’t going to generate revenue for them then they won’t spend money on the platform. But every company has a “social media team” that handles their Twitter and Meta platforms.
2. This could be Musks undoing, it also may not be. I listened to people here say what a bad investment Tesla was 5 years ago and that was going to be his undoing…. it was not. We are all merely speculating and if we really knew anything we’d be Like Gib making money off bitcoin.
There is a good reason Tesla wasn't Musk's undoing. He has government subsidies to thank for making him one of the wealthiest men on the planet today.
However, over the years, Musk's companies — Tesla Motors, SpaceX, and SolarCity — have received billions of dollars from government loans, contracts, tax credits, and subsidies. According to a Los Angeles Times investigation,
Musk's companies had received an estimated $4.9 billion in government support by 2015, and they've gotten more since.
SpaceX lands a $2.89 billion contract with NASA in April 2021
SpaceX signs a $653 million contract with the US Air Force in 2020
Tesla accepts "certain payroll benefits" from the federal government's $600 billion 2020 pandemic stimulus
In 2016, New York state put $750 million towards Musk's planned solar-panel plant in Buffalo. About $350 million of those state funds was allocated for the construction of the facility, and $400 million was given for equipment.
SolarCity receives $497.5 million in grants, in addition to tax credits, by 2015
As of 2015, Tesla had sold $517 million in environmental credits to competitors per a federal mandate. Tax credits for consumers also helped them sell more cars.
Nevada provides $1.3 billion in tax breaks and other incentives for a new Tesla "Gigafactory" in 2014
SpaceX receives $15 million from the state of Texas in 2014
The Energy Department loans Tesla $465 million in 2010Musk is a master at talking out of both sides of his mouth. Musk has spoken out against government subsidies suggesting they should be cut from any the 2023 budget proposals. Musk said the government should "just delete" all subsidies from the $1 trillion infrastructure bill President Joe Biden recently signed into law. Biden's bill included $7.5 billion for electric vehicle charging infrastructure, which would seem to help one of Musk's companies, Tesla Motors.
* Elon Musk's companies have received billions in government subsidies over the last two decades.
* In 2021, Musk has opposed higher taxes for the rich, and said the government shouldn't control "capital."
* He recently said he opposes government subsidies. One of his companies accepted them as recently as April.
