Crony capitalism

Billionaire businessman Elon Musk made his money the old fashion way, he earned it. Through innovative ideas like Pay Pal he made billions but then he turned to crony capitalism. This means using government money to finance ideas. Tesla Motors, SolarCity, and SpaceX—a few of his highest-profile projects—have relied heavily on government subsidies. According to a 2015 article in the Los Angeles Times, these three companies "together have benefited from an estimated $4.9 billion in government support." And though none of these projects is profitable on its own, Musk is making a mint. How this works is complicated but the results are clear. Tesla stock values the company at $50 billion compared to Ford which is valued at $45 billion. At first glance, that doesn't make any sense. Ford sold 2.6 million vehicles in 2016 and earned $4.6 billion for the year. Tesla shipped a comparatively tiny 76,000 vehicles and recorded a loss of $675 million.