I don’t think people really understand that yet. But as more and more contracts get issued, it’s going to become obvious. ROB: Spot on, Joel. It’s hard to imagine anyone putting “AI second” now. And there’s another dimension to this, too. Elon LOVES partnerships between private companies and the government. It’s arguably how he’s built his fortune. It’s what he does. JOEL: Elon wouldn’t be Elon without the government contracts he’s been able to secure. He’s the ultimate insider. Just look at SpaceX... Last year alone, the U.S. government was contractually obligated to pay SpaceX $3.8 billion. The year before, it was $3.1 billion. In fact, the four years of the Joe Biden administration saw Elon Musk’s company collect more than $10 billion...
First up, Tesla got a $465 million loan from the government to help it get started. In 2014, it got $1.3 billion in tax breaks and other incentives to help build its huge gigafactory. In 2015, SolarCity – which later became part of Tesla Energy – got $497 million in direct grants from the U.S. Treasury. On top of all that, Tesla benefited from a $7,500 tax credit on every car it sells – Elon actually got the government to help people buy his cars. And Elon Musk took advantage of all of this, becoming the world’s richest man in the process – and creating a whole army of “Teslanaires” who made millions, too.
Exactly how much money are people going to make now that after that a government department built in Elon’s image is effectively dishing the contracts out? I can’t say for sure, but I’m confident it’s going to be a lot. We’re Living in “The U.S. of AI.” ROB: And that totally changes how we see Elon. He’s not trying to destroy the government. He’s using it to build out his next major innovation... what we’ve called “The U.S. of AI.” JON: That’s such a great way to describe it, Rob. And Elon’s not exactly hiding this.
ROB: It’s ironic that lots of Biden supporters have now decided he’s evil incarnate and lacks expertise. JOEL: That’s politics for you. That’s why I love finance – numbers are much more trustworthy... And the numbers show that Elon Musk understands how government contracts work better than almost anyone else. He even used government tax breaks to get Tesla off the ground...
One source close to him told the press that: “Every- thing that can be machine automated will be, and the technocrats will replace the bureaucrats.”
REVIEW BY JULY 18
DOGE: PHASE II // PAGE 17
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