President Trump expressed his intention to protect the federal subsidies for Elon Musk's companies, fostering Musk's business growth. This claim was challenged by Musk, who stated that the subsidies Trump referenced do not exist. He pointed out that clean energy incentives have been removed by the Trump administration while oil and gas subsidies have remained intact, negatively impacting Tesla's sales. Furthermore, Musk defended SpaceX's federal contracts, emphasizing the efficiency and value provided by his company as opposed to potential cost increases and risks associated with other aerospace firms.
Trump stated that he will not take any actions against the federal subsidies that Elon Musk's companies receive, intending for Musk to prosper. However, Musk disputed the existence of these subsidies, asserting that "the 'subsidies' he's talking about simply do not exist." He emphasized that the clean energy incentives have been removed while oil and gas subsidies remain intact, impacting Tesla's sales due to the removal of the $7,500 EV credit.
Musk mentioned that Tesla's sales will be affected by the removal of the EV credit, indicating that the abrupt change has resulted in a limited supply of vehicles in the US this quarter. This reflects the vulnerability of electric vehicle sales amidst alterations in government incentives.
Musk argued that SpaceX's federal contracts are given based on merit. He stated that shifting SpaceX's work to other aerospace companies would ultimately leave astronauts at risk and cost taxpayers significantly more.
Collection
[
|
...
]