Tesla founder Elon Musk has hit back against the CEO of a coal power company who accused him of fraud. Robert Murray, an outspoken Donald Trump supporter and the CEO of the Murray Energy Corporation – America’s largest coalmining company – went after Musk on CNBC’s Squawk Box on Monday and called Tesla “a fraud”. “Here again: it’s subsidies.”In response, Musk tweeted that the real fraud going on was “denial of climate science”. “As for ‘subsidies’, Tesla gets pennies on dollar vs coal. A 2011 study by Management Information Services found that fossil fuels – oil, natural gas and coal – had received 70% of total energy subsidies between 1950 and 2010.

Source: The Guardian October 11, 2016 19:28 UTC