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Fortune
Fortune
Alena Botros

The true genius of Elon Musk is his 'subsidy harvesting strategy,' political science professor says

(Credit: Andrew Harnik/Getty Images)
  • DOGE is a way for Elon Musk “to sort of carve out a rent-seeking opportunity extraordinaire,” USC professor Jeb Barnes said, pointing to an already successful tactic for him: accumulating subsidies. Musk has reportedly collected $38 billion in government funding over the years through contracts, loans, subsidies, and tax credits, according to a recent Washington Post analysis.

Elon Musk runs a number of multibillion-dollar companies that have made him the world’s richest man. Part of that comes from his skill in collecting money from the government, according to Jeb Barnes, a professor of political science for the University of Southern California.

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