2025-05-13 10:30:09
Business
Politics
Finance

Controversy Over EU Funds for Elon Musk's Companies

Elon Musk, the high-profile tech billionaire known for his ventures Tesla and SpaceX, is at the center of a heated debate regarding substantial EU funding. Over the years, Musk's companies have benefited from more than 330 million euros in subsidies from the European Union. Tesla has received 159 million euros to boost electric vehicle charging infrastructure, while SpaceX was paid 177 million euros for launching Galileo satellites.

This significant financial support has raised eyebrows, particularly among EU politicians. Daniel Freund, a German Green Party member, has been vocal in his criticism. He argues that Musk, who has shown support for controversial political figures and movements, contradicts EU values. Freund calls for an immediate cessation of payments to Musk's companies, labeling him a 'declared enemy' of the EU.

The European Commission has provided a partial justification for the funding. They cite the need to overcome delays in the launch of the European Ariane 6 rocket as a reason for SpaceX’s involvement. However, the Commission also acknowledges the necessity for further investigation and has stopped using paid services from Musk's platform X, formerly known as Twitter, since October 2023.

Amidst these controversies, Musk's financial gains from EU funds have come under scrutiny. While some view these subsidies as crucial for technological advancement and infrastructure development, others question the alignment of such investments with EU principles and values. As discussions continue, the extent and future of EU funding to Musk's enterprises remain topics of significant debate.

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Tech billionaire Elon Musk, who is criticized for his support of the AfD in Germany, is reportedly benefiting significantly from EU subsidies according to a parliamentary inquiry. His companies, Tesla and SpaceX, received a total of over 330 million euros for the establishment of charging stations and the launch of Galileo satellites. Green Party MP Daniel Freund is calling for an immediate halt to the payments, as Musk is a 'declared enemy' of EU values. The European Commission partially just..
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According to a letter from the EU Commission, companies owned by the controversial tech entrepreneur Elon Musk are benefiting from EU funds amounting to millions. A Tesla subsidiary is receiving 159 million euros for the construction of charging stations, and SpaceX was able to charge 177 million euros for launches of Galileo satellites. German Green politician Daniel Freund is calling for an immediate stop to payments to Musk's companies in light of Musk's support for the AfD and alleged viol..
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13. Mai 2025 um 05:50

Trump friend Elon Musk benefits from EU funds in the millions | heise online

Elon Musk and his companies are benefiting from EU funding amounting to several million euros. A Tesla subsidiary is receiving around 159 million euros for the construction of electric charging stations, while SpaceX billed about 177 million euros for satellite launches for the European navigation system Galileo. Green Party MP Daniel Freund is calling for a halt to subsidies due to these payments and criticizes Musk as an opponent of the EU. The European Commission has also clarified that since..
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13. Mai 2025 um 06:35

Elon Musk Benefits from EU Funds in the Hundreds of Millions - DER SPIEGEL

Elon Musk, the controversial tech entrepreneur, has received substantial EU funding exceeding 300 million euros for his companies Tesla and SpaceX, despite his close ties to Donald Trump and the AfD. German Green politician Daniel Freund sharply criticizes this and demands an immediate halt to the payments, as Musk is an avowed enemy of the EU. The European Commission defends the payments as exceptions, citing delays in the commissioning of the European launch vehicle Ariane 6.
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