TECH - Short-Seller Jim Chanos Labels Tesla CEO Elon Musk As 'Subsidy King' And 'New Darling Of Right' For Carbon Tax Proposal | Benzinga
Tesla CEO Elon Musk‘s proposal for a “carbon tax” as a crucial measure against climate change faced criticism from short-seller Jim Chanos on Sunday.
Musk, in a post on Twitter (formerly known as X), asserted that a “carbon tax” is the sole action required to address climate change. This statement came in response to a video clip shared by a Tesla influencer, featuring Musk discussing actions needed to combat the climate crisis and expedite the transition away from fossil fuels.
The cost to society is not being paid, and the net result is the emission of 35 gigatons of carbon into the atmosphere, the Tesla CEO said. “We need to go from untaxed negative externality, which is effectively a carbon subsidy of enormous size — $5.3 trillion, according to ...