CFTR TO CONGRESS: Tesla donors are concerned, why aren’t you?
FOR IMMEDIATE RELEASE: July 26, 2018
CFTR TO CONGRESS: TESLA DONORS ARE CONCERNED, WHY AREN’T YOU?
ALEXANDRIA, VA – Earlier this week, Citizens for the Republic (CFTR) denounced Elon Musk and the Tesla Company in the strongest possible terms after a memo was provided to The Wall Street Journal detailing the extent of their failures—which has concerned both Tesla suppliers and donors alike.
The memo indicated that Tesla had previously asked around ten of their suppliers to return a large sum of money on payments since 2016. Their stock has been consistently falling since last fall— now, many of their investors are concerned about their spending and ability to reach production goals.
Donors should be worried about where their money is going– the 15-year-old company has only reported two quarterly profits in its history and has failed to produce a profit for a full year.
Citizens for the Republic is leading the fight to expose Elon’s disastrously ineffective government funded ventures with their campaign, #StopElonFromFailingAgain.com, which has received international attention for its work.
“We shouldn’t be surprised that Elon is asking for help—spending all of the taxpayer money, losing subsidies, and then wasting the time of his suppliers and private donors,” CFTR released in a statement today.
“Congress needs to cease all of Elon’s subsidies now—if his own private donors can’t trust his company, why should the American taxpayer?” CFTR said.
Citizens for the Republic (www.CFTR.org) is a conservative grassroots lobbying organization dedicated to promoting the ideology and political philosophy of Ronald Reagan. Reagan established the original CFTR in 1977. In 2010, a group of Reagan stalwarts re-launched the organization. CFTR’s Sunlight Project has worked to end subsidies and expose corporate corruption. Sunlight is the best disinfectant.