Elon Musk is not in support of government subsidies neither expects any
When asked about the Biden administration’s infrastructure package and government subsidies, Elon Musk told the Wall Street Journal’s CEO summit on Monday that the United States doesn’t need either. He advised, “Just delete them all.”
During the interview, the CEO of Tesla and SpaceX, Elon Musk, expressed concern over the federal deficit. To put it another way, the federal budget imbalance is out of control.
“I would say… can the whole bill. Don’t pass it, that’s my recommendation,” Tesla CEO Elon Musk.
For more than a year, Tesla has been selling its electric cars in America without the $7,500 federal tax credit and has not experienced a drop in demand. Except for General Motors, the credit is still available to the majority of other automakers.
Although it still needs to be approved by the Senate, Biden’s infrastructure plan’s “Build Back Better” section currently includes a provision to extend this credit and add another subsidy for electric vehicles built by union workers. In recent months, Musk has blasted the union-focused credit and dubbed Biden a “puppet” of the United Auto Workers.
Musk also stated that the US government should not provide subsidies to increase charging infrastructure, despite the fact that this provision is currently in the infrastructure bill that Biden signed into law.
“Do we need support for gas stations? We don’t. So there’s no need for this,” according to Musk.
With over 3,000 charging stations and roughly 30,000 connectors presently in operation, Tesla aims to open up its network to other electric vehicles in the near future.
Several federal and state subsidies have helped Musk’s firms, and the government is a key customer of SpaceX. (though SpaceX won much of that business by dramatically undercutting the prices of established players). With the aid of China’s central government, Tesla has become a huge success in the country. During Tesla’s early years, Musk claimed that the business “did not anticipate any subsidies.”