How Tesla’s Elon Musk became the master of fake business

Today’s fake-industry leader is Tesla, the electric car developed by subsidy entrepreneur Elon Musk, who also heads SolarCity and SpaceX, other government darlings. Musk’s genius is primarily in the subsidy-seeking realm — by 2015, U.S. governments alone had given his companies US$5 billion through direct grants, tax breaks, cut-rate loans, cashable environmental credits, tax credits and rebates to buyers of his products. Counting subsidies from Canada and Europe, the government bankroll could be double that.

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