Elon Musk urges G20 leaders to invest more in startups

  • Elon Musk urged G20 leaders to increase startup investment and funding support.
  • Musk said governments provide excessive support to established companies.
  • Musk offered no specific funding levels or policy measures.

Tesla Inc. chief executive officer Elon Musk urged G20 leaders to increase investment and funding support for startups. He argued that governments provide excessive assistance to established companies while younger businesses receive less attention, and called for G20 countries to take a more active role in backing new ventures. Musk did not propose specific funding levels or policy measures.

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