Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits

Quick Summary:

:When Elon Musk endorsed Donald Trump for president last month, the Tesla founder and chief executive backed a candidate who vows to "drill, baby, drill," "end the electric vehicle mandate" and reduce subsidies of the sort that helped Tesla become the U.S.'s dominant EV manufacturer.

In June 2017, five months into Trump's presidency, Musk quit White House advisory panels because the administration withdrew from the Paris Agreement, a landmark 2016 treaty meant to tackle climate issues globally.

"I would just can this whole bill," Musk told the Wall Street Journal then, saying Tesla didn't need public money.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Tesla Musk Credits Subsidies Public President Elon Filing Trump Emissions Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 17:50:25 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1911 words

Reading Time: 11 minutes read

Sentences: 81 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22030066

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