Elon Musk fortune based on being the world's biggest government mooch

Tesla saw global sales of 627,000 vehicles in the first nine months of this year, and net income of $3.2 billion, both records for the company. But global sales at Toyota were 10 times greater and its net revenue was 2.3 trillion yen, or $20.3 billion, more than six times Tesla's.

Even so Tesla shares more than triple the value of Toyota's market cap. And Toyota is the world's second most valuable automaker. Tesla's market cap is roughly equal to that of the 12 largest automakers in the world combined.

Without taxpayer support, however, neither Tesla nor SpaceX would have survived this long, and investors never would have had the chance to make massive bets on both companies.

Don't take our word for it. Ask Musk himself.

Billions from regulatory credits

In a tweet last year, Musk admitted that Tesla nearly was forced to file for bankruptcy as recently at 2019. The stock price that seems unstoppable today had been floundering among investor's justified concern that the company was facing a cash crunch as it had difficulty ramping up production of its Model 3 sedan.

"Closest we got [to bankruptcy] was about a month ago," he said in that 2020 tweet. "The Model 3 ramp was extreme stress & pain for a long time — from mid 2017 to mid 2019. Production & logistics hell."

What Musk didn't say was that one of the keys that kept the company alive was the sale of regulatory credits to other automakers.

Environmental regulations require companies that are not meeting emission standards to pay fines or buy credits generated by companies that comply with the rules. And no one had more of those credits to sell than all-electric Tesla.

Between 2008 and the first half of 2019, sales of regulatory credits generated more than $2 billion that was crucial to the company's survival. And the increased car sales ever since have resulted in additional credits that Tesla sold for another $3 billion since June of 2019.

That allowed the company to show profits sooner than it would have without the credits, lifting the value of the stock. In fact it wasn't until the second quarter this year that Tesla reported more in net income than it got from regulatory credit sales.

"It was really US taxpayers that helped get him through his roughest time," said Dan Ives, tech analyst with Wedbush Securities who is a bull on Tesla shares — today. In 2019, he was still skeptical as the company struggled.

"If it didn't have regulatory credits, Tesla would not be the brand it is around the globe, and Musk wouldn't be the richest person in the world," Ives said.

Other billions for Tesla

That wasn't the only government assistance for Tesla. In January 2010 the company received a $465 million low-interest loan from the Department of Energy, months before its initial public offering when it was still in need of cash. It was able to pay the loan back early, but only through proceeds from an additional sale of stock in 2013.

The company also has benefited from the substantial tax credits car buyers receive when they buy a Tesla or other plug-in vehicles. Those tax dollars went to the buyers, and not directly to the company, but the incentive allowed Tesla to charge more for its cars than it otherwise could. In fact when the $7,500 federal tax credit on Tesla purchases was halved to $3,750 in early 2019, Tesla responded by cutting the price of its cars by $2,000 to remain competitive.

Tesla buyers received total federal tax credits worth an estimated $3.4 billion before the perk disappeared entirely at the end of 2019. Even if that only allowed Tesla to raise prices by half that amount, that's another $1.7 billion in federal help, on top of the $5 billion it has received— so far — from regulatory credit sales.

NASA saves SpaceX

And then there's SpaceX, which is a smaller but still significant source of Musk's wealth. The taxpayer support for this venture is even more clear, since it comes in the form of direct government contracts that are worth billions.

Elon Musk is protected by President’s, their White House staff, the financier’s of those political campaigns and their banker: Goldman Sachs.

Elon Musk and his Cartel operatives engaged in election law violating campaign finance, money laundering, illicit political quid pro quo and anti-trust violating operations, among other crimes.

No competitor on Earth can go up against a business that: 1.) Get’s exclusive favored-nations status from The White House, 2.) Get’s exclusive cash from the government that nobody else can get, 3.) Get’s federal investigation waivers and NHTSA enforcement avoidance, 4.) Has their stock market assets owned by the very politicians that are supposed to regulate their industry, 5.) Get’s exclusive tax payment waivers, 6.) Get’s exclusive fee waivers, 7.) Has almost no enforcement against it of the laws it violates, 8.) Has the majority of it’s business dealings run by Goldman Sachs, 9.) Get’s a federally financed monopoly.

When you peek behind the Wizard of Oz curtain in the magical fantasy technology world of Elon Musk you find that the entire emerald utopia is built out of bribes, payola and crony tech Illuminati stock market manipulations. Elon Musk’s ‘wizardry’ is 20% other people’s stolen technologies and 80% bullshit! He has purchased his internet PR facade with billions of dollars of the taxpayer’s cash and keeps his self aggrandizing front going with extensive contracted off-shore troll farms and stock market “flash boy” algorithm computer hype engines.

Any tech person could do every single thing that Elon Musk has done with ONE THIRD LESS cash than Elon Musk has plowed through. So where does the rest of the money go?

It goes to political candidates in quid pro quo money laundering Dark Money conduits!

Taxpayer money taken by Tesla Motors, which politicians own interest in and also get secret PAC money from:

$3B-CA Factory Subsidy
$1.3B-NV tax incentive
$45M-Discounted GOVT Loan
$90M-CA Alternative energy advanced trans. financing authority
$517.2M-Sale of CA and other regulatory credits
$284M-Federal income Tax credits for consumers of Model S Sedan
$38M-CA rebate for CA buyers of Model S Sedan
$126M-CA Self Generation incentive program
$647,626-CA job training reimbursement
Total Subsidy=$5,355,847,626 BILLION AND COUNTING

Taxpayer money taken by Elon Musk via SolarCity, which politicians own interest in and also get secret PAC money from:

$750M-NY State cost to build solar panel factory
$150M- to start NY Factory Operation
$1.5B-Est. value of 30% subsidy for solar installation since 2006, including at least $497M- in Treasury grants
$5.6M-OR tax credits & rebates
$260M- NY local property tax exemptions
Total Subsidy=$3,163,100,000 BILLION AND COUNTING

Taxpayer money taken by Elon Musk via SpaceX, which politicians own interest in and also get secret PAC money from:

$20M- TX state & local incentives & rebates for space launch facility near Brownsville
$5.5B– Government Contracts
$1.6B- NASA space taxi contract
Total Subsidy= $7,120,000,000 BILLION AND COUNTING

Know that everything you have seen in the main stream news media about Elon Musk was bought and placed there by Elon Musk. Elon Musk is a figment of his own propaganda, Chinese click farms, his hired troll “fan boys” and his sociopathy.

According to Sam.gov, the government database that tracks federal spending, Space X has signed contracts worth nearly $10 billion. None was more crucial than the one the company received just before Christmas in 2008, when Space X and Musk were both virtually out of cash.

That contract to fly 12 supply missions to the International Space Station was worth $1.6 billion. The deal was crucial because it allowed the company to complete work on its Falcon 9 rocket, its main workhorse, as well as the Dragon capsule that would carry supplies and eventually crew, said Casey Dreier, senior space policy advisory for the Planetary Society, a public interest group advocating space flight.

"They were right on the edge of insolvency," Dreier said. "Elon has pointed out at that moment they were on the edge and that helped to save the company."

Dreier said the ISS and other contracts have worked out well for NASA, too, allowing the agency to use SpaceX rather than relying on the Russians to transport US astronauts.

SpaceX has since gotten numerous additional government contracts from NASA, the military and other US government agencies. It won a $3 billion contract to develop the next vehicle to carry astronauts to the surface of the moon. And Dreier said SpaceX and other NASA contractors also benefit from the agency's in-kind support, including access to NASA employees and expertise.

-- CNN Business' Jackie Wattles contributed to this report.