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Tesla Motors a fraud says Murray Energy CEO

Tesla Motors, a renowned American automaker, and energy storage company got highly shocked when Robert E.Murray, the CEO of Murray Energy called it  “fraud” for failing to earn a profit despite subsidies. He made this comment on Monday while speaking on CNBC’s Squawk Box. See why Tesla is a no go for India.

Murray said the electric car maker, “has gotten $2 billion from the taxpayer; has not made a penny yet in cash flow. Here again, it’s subsidies. And, Hillary Clinton said they need government help. She was talking about Elon Musk, Warren Buffet [etc.] … That’s what she was talking about, and supporting her friends. It has nothing to do with the environment …” Read more about Tesla.

On the day after alienating rhetoric, Elon Musk, the chief executive officer of the Tesla Motors, hit back at Murray and tweeted “fraud” for refusing climate change. Further, he said that the coal industry is getting subsidies beyond what Tesla is receiving and raised the question “How about we both go to zero?  Murray fired back to the point if climate changes and said, “By the way, you could close down every coal-fired plant in the United States today, and you would not affect the temperature of the earth at all.”

Despite the verbal sparring between the titans of fossil fuels and renewable energy, Tesla’s shares have been soared up by as much as 2.8 per cent to $202.11. The reason behind a boost might be Musk’s tweets in which he made an announcement that Tesla will go for the screening of the event on coming 17th. Further, a surprise product will be unveiled at the event. It is to be noted that this event is different from the one scheduled for 28th October in which the merging with SolarCity might be proclaimed. Read latest Startup News.

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Tesla Motors a fraud says Murray Energy CEO
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