News on Medial

Donald Trump says open to naming Tesla CEO Elon Musk as an adviser; hints at ending EV tax credit

Economic Times · 3m

Donald Trump, former US President, stated that if he were to be elected again, he would consider ending the $7,500 tax credit for electric vehicle purchases. He also expressed openness to naming Tesla CEO Elon Musk to a cabinet or advisory role, acknowledging Musk's intelligence. Trump had sought to repeal the tax credit during his presidency, and he criticized Treasury Department rules that made it easier for automakers to utilize the credit. He additionally mentioned his intention to discourage car exports from Mexico for US consumers by imposing tariffs. Trump also criticized Google and hinted at potential consequences for the company. Regarding TikTok, he did not directly address continuing Chinese ownership but expressed difficulty in banning the app due to concerns about free speech.