Tesla's Musk says Biden's EV bill shouldn't pass

Tesla's Musk says Biden's EV bill shouldn't pass

M:28K, Aut

12/7/2021 9:55:00 AM

Tesla's Musk says Biden's EV bill shouldn't pass

Tesla Inc CEO Elon Musk said on Monday that the U.S. Congress should not approve the Biden administration's bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the country's budget deficit.

2 minute readTesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song/File PhotoRegister now for FREE unlimited access to reuters.com

Is It Real? When Everyone Looked At The Photo They Worried

Register(TSLA.O)CEO Elon Musk said on Monday that the U.S. Congress should not approve the Biden administration's bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the country's budget deficit.The billionaire entrepreneur is escalating criticism about the administration and Democrats for a proposal to give union-made, U.S.-built electric vehicles an additional $4,500 tax incentive. Tesla and foreign automakers do not have unions at their U.S. factories.

"Honestly, it might be better if the bill doesn't pass," Musk said at the WSJ CEO Council Summit.Register now for FREE unlimited access to reuters.comRegister"I'm literally saying get rid of all subsidies," he said, adding that the government should I think just try to get out of the way and not impede progress." headtopics.com

He also reiterated opposition to a proposal by Democrats to tax billionaires. "It does not make sense to take the job of capital allocation away from people who have demonstrated great skill ... and give it to, you know, an entity that has demonstrated very poor skill in capital allocation, which is the government."

New Filings Reveal Another Billionaire Behind the Big Lie

Musk also said his brain-chip startup, Neuralink hopes to begin human trials next year pending approval of the U.S. Food and Drug Administration. "I think we have a chance with Neuralink of being able to restore full body functionality to someone who has a spinal cord injury."

Register now for FREE unlimited access to reuters.comRegisterReporting by Hyunjoo Jin; Editing by Sandra MalerOur Standards:More from ReutersSign up for our newsletterSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Read more: Reuters Top News »

Video President Obama's 2009 Inaugural Address

Jan. 20, 2009: President Barack Obama gives his inaugural address.

The interview was amazing 👏 Presumably SpaceX wouldn't have exist without governmental subsidies for space industry. And he wouldn't be so rich to afford to speak nonsenses all day long. Doesn't want competition because Tesla will lose their highly valuable regulatory credits.

How Elon Musk sold 10 million Tesla shares and increased his Tesla holdingsTesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree. 😍😍 Check out my Gig on Fiverr: I will do a mountain travel tourist beach logo design The alternative_haqna 🇮🇶✌️ The alternative_haqna 🇮🇶✌️ The alternative_haqna 🇮🇶✌️ The alternative_haqna 🇮🇶✌️ The Iraqi army is oppressed From the government fairly army for the of their children

Why Volkswagen is beating Tesla in EuropeIn the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, the Volkswagen Group is the market leader. Here's how VW did it. Lol I really liked VW ad on TV - very homely one made around families and friends and their day to day lives. Madoda namanenekazi.... ningalokothi nibukele phansi ór nizibe lokhu ngoba aniyikukholwa lokhu ngoba,. Angikholwa ngaze ngazama ngo-R3,000 nje ngihola u-80,000 ezinsukwini ezingu-7 zohlelo lwami lokuhweba ngosizo luka-Hendricksnino77

Elon Musk Declared Greatest Gamer But Lousy Boyfriend in New Grimes SongElon Musk may have just gotten Swifted, because his ex has just released a song trashing him as a BF. Remember when we used to believe that billionaires lived supremely interesting and exciting lives? When you are not relevant and trying so hard to get 15 minutes of fame… not good enough to be a one hit wonder. Who fucking cares

Here’s Why Rivian Can Successfully ‘Challenge’ Tesla, According To These Major FirmsWall Street still loves Rivian as a potential competitor to Tesla, despite the stock’s massive run up since going public last month. Commercial presentation? I'm not sure about this one buddy. Rivian doesn't have to become Tesla's competition because they will lose...Rivian can just ...be... EV is a huge market it's not about the competition, it's about accelerating EV adoption and getting rid of gas guzzling cars from the roads

Grimes Would Like Elon Musk to Sail 390.4 Million Miles AwayIn a new song, the singer discovers that true love and a baby won’t change a workaholic asshole.

This fund company was an early believer in Tesla — it's now making these betsOPINION: This fund beats its benchmark by around 24 percentage points annualized over the past five years. Here are some of its most interesting third-quarter stock moves, columnist mbrushstocks writes. mbrushstocks Bitcoin is a scam mbrushstocks Cant read it so a pointless tweet mbrushstocks Margin Calls are coming... StockMarket AMC GME ApesTogetherStrong AMCSQUEEZE APESNOTLEAVING ✊🏽🔥🔥🔥