Elon Musk Calls For Carbon Tax, Needs New Government Legislation To Try And Make Tesla Profitable
Between his uncomfortable appearance as the host of Saturday Night Live and the 180 he did on Bitcoin, Elon Musk has been all over the news recently. Exactly where the only billionaire who cares more about clout than cash (although not by much) wants to be.
Q1 2021 hedge fund letters, conferences and more
He followed up this epic hybrid of trolling and market manipulation by taking to Twitter to announce that it was “high time” that there was a carbon tax, not for the environmental implications, but rather because it offered another lucrative government scheme for him to capitalize on.
Elon Musk's Position On A Carbon Tax
The Stonk Market reached out to Tesla’s public relations team to inquire about Elon Musk’s position on a carbon tax - and while they had no official comment - there was copious laughter in the background. And I did make out one chirp, in which a PR staffer said: “Can’t wait to see what Elon and Nancy cook up on this one!”
Tesla is no stranger to profiting off of the government’s lackadaisical attempts at dealing with climate change. Musk and Tesla have made a fortune selling their “environmental carbon credits” to less green auto manufacturers.
Now, if you are sitting there wondering how it is at all legal for a manufacturer to buy a credit that keeps them within the boundaries of environmental regulations—honestly—I am right there with you.
That is kind of like selling your community service to a convict so they can stay on the streets. But such is life Corporate America.
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