Bloomberg|1 minute read

Elon Musk Goes Off as Trump Tax Bill Axes Electric Vehicle Credits

TL;DR

Elon Musk is raging against the Trump administration's new tax bill that slashes electric vehicle (EV) credits, a move he claims will devastate the green economy. Here are the key takeaways:

  • Musk calls the bill ‘utterly insane’ and warns it could lead to job losses.
  • The tax bill threatens to undermine the EV market by reducing incentives for consumers.
  • Industry insiders express concern over the long-term impact on renewable energy investments.
  • Musk's comments reflect broader frustrations with government policies affecting the auto industry.

Here's the full scoop.

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