Wall Street's Latest Feud? Major Coal CEO Robert Murray Vs. Elon Musk
Robert Murray is the CEO of Murray Energy Corp, the largest privately owned U.S. coal producer. Speaking as a guest on CNBC's "Squawk Box" on Monday, he said that Tesla Motors Inc (NASDAQ: TSLA) is a "fraud."
Murray continued that Tesla received "$2 billion from the taxpayer" and "has not made a penny yet in cash flow." He added that Hillary Clinton has said "they need government help" — a reference to Elon Musk, among other billionaires.
Murray also criticized Clinton for her policy towards coal energy. She said earlier this year, "We're going to put a lot of coal miners and coal companies out of business."
Murray responded that even if every coal-fired plan in the United States were to be closed, it wouldn't affect the temperature of the planet. He also called on the government to support clean coal technologies in the same way it supports windmills, solar powers and other forms of clean energy.
Musk responded to Murray in a tweet that the "real fraud" is "denial of climate science." He added in the same tweet that Tesla's government subsidies amount to "pennies on dollar vs coal."
"How about we both go to zero?" he added.
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