Elon Musk Gives a Free Tesla to Every Member of Congress

Elon Musk is being called the new Oprah Winfrey by absolutely no one thanks to his recent, purely magnanimous gesture of donating a Tesla to every member of Congress. This move is being hailed by multiple Tesla investors as the most bipartisan deal since the last government shutdown and is set to push the DOGE agenda much further as now both the Senate and House of Representatives can agree on everything in perpetuity.

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If you’ve ever considered running for public office now might be the time as there could be an EV in it for you. Here’s everything you need to know about the audacity of Musk’s giveaway.

Outside of taxation, company profits and charitable donation deductions, if you were to simply do the math, this could set even the richest man on the planet back a bit. Here are a few key takeaways:

• The cost of a Tesla will vary by make and model and as Musk has been tight-lipped as to just which cargo he’s unloading, the total cost remains to be determined. However, as the pricing of a Tesla generally ranges from around $42,990 to $119,990 before upgrades, fees and tax credits, you can assume it was a relatively cheaper model.

• If Musk donated a $43,000 Tesla to all 535 members of Congress the financial total, in a vacuum of sorts, would be just over $23 million.

• Musk’s current estimated net worth is about $340.3 billion, which means this generous gift would not really make a dent in this wealth. It wouldn’t even remove him as the richest person in the world as second place Jeff Bezos has an estimated net worth of $206.5 billion.

• For fun, if Musk happened to give the high-end Tesla models away coming in at $120,000 a piece, the total cost would be $64.2 million, which is still less than what Musk spends on Trump-themed hats in a year.

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The bottom line is that Musk’s bottom line is a lot higher than your standard tax-paying citizen or even your run-of-the-mill senator or representative. Musk is spending millions of dollars to cross the political aisle and bridge together Republicans and Democrats alike in the notion that getting a free car is just good for the economy.

The timing of Musk’s gift to Congress occurred on April 1, to which Musk said, “Only an April Fool would think this was a bad idea.” If you found this satire funny, Happy April Fools’ Day from GOBankingRates. If you are a now sourly disappointed member of Congress, our apologies but Happy April Fools’ Day regardless.