Bloomberg|1 minute read
Elon Musk Goes Off as Trump Tax Bill Axes Electric Vehicle Credits
TL;DR
Elon Musk is raging against the Trump administration's new tax bill that slashes electric vehicle (EV) credits, a move he claims will devastate the green economy. Here are the key takeaways:
- Musk calls the bill ‘utterly insane’ and warns it could lead to job losses.
- The tax bill threatens to undermine the EV market by reducing incentives for consumers.
- Industry insiders express concern over the long-term impact on renewable energy investments.
- Musk's comments reflect broader frustrations with government policies affecting the auto industry.
Here's the full scoop.