Cointime update: Elon Musk said on November 7 that Tesla holds no government contracts, adding that President Donald Trump has scrapped federal EV subsidies. He said SpaceX’s government deals offer the best product at the lowest price, and that government revenue will account for under 10% of SpaceX’s total this quarter and under 5% within a year. Musk said he would cancel the orders if the government no longer needs them.
Musk: Tesla Has No Government Contracts; SpaceX Government Revenue to Fall Below 5%
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