Elon Musk says the US should ‘get rid of all’ government subsidies

elon musk says the us should ‘get rid of all’ government subsidies

Photo by Patrick Pleul/picture alliance via Getty Images

Elon Musk said Monday at the Wall Street Journal’s CEO summit that he doesn’t think the United States needs the Biden administration’s infrastructure bill — or any government subsidies, for that matter. “Just delete them all,” he said.

The Tesla and SpaceX CEO said during the interview that he’s concerned about the federal deficit. “We’ve spent so much money.. the federal budget deficit is insane,” he said.

“I would say… can the whole bill. Don’t pass it, that’s my recommendation,” Musk said.

Musk pointed out that Tesla has been selling its electric cars for more than a year in the US without the $7,500 federal tax credit, without taking a demand hit. Most other automakers, save for General Motors, are still eligible for the credit.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *