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Tesla Motors, Inc. (TSLA) Musk Fires Back on Coal-Mining Boss for Calling “Fraud”

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Tesla’s Elon Musk says those in denial of the climate change are real frauds; he has challenged Robert Murray to go zero-zero on subsidies

Tesla Motors Inc. (NASDAQ:TSLA) has not only been in a battle with traditional automakers and franchise dealers, but has also been offensive to those companies which are actively participating in one of the biggest global issues, i.e. global warming. On Monday, a coal-mining boss called the young automaker “fraud” for using taxpayers’ money and not making any money on it.

Murray Energy Corp CEO Robert Murray went on the CNBC on Monday and said that Tesla has received “too big in dollars” from the taxpayers, and yet it “has not made a penny in cash flow.” Being a Trump supporter, he mentioned that Presidential candidate Hillary Clinton went on record saying these companies require government assistance.

He added: “She was talking about Elon Musk, Warren Buffet, the Prtizkers, the Polskys, Steyer, the wealthiest family Podesta himself,” implying that Ms. Clinton is merely trying to help her friends and it has nothing to do with the climate change. He believes that even if every coal plant closes down in the US today, there will be no effect on global temperature.

Mr. Musk immediately took the issue to Twitter and responded to Mr. Murray that “real frauds” are those who deny the climate science. For subsidies, he wrote that his company receives “pennies” compared to the coal industry. He openly challenged the big coal chief to go toe-to-toe with zero subsidies.

 

 

Tesla chief previously revealed that the fossil fuel industry gets $5 trillion in subsidies per year, according to an IMF study. He claims that the industry is purposely trying to defame Tesla for its role in accelerating the transition to sustainable energy. He has been urging lawmakers to introduce carbon tax to ensure coal is priced fairly in the market, according to Electrek. Last year, he talked on the matter at the Paris Climate Change Conference.

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