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Trump takes aim at Musk over EV mandate and subsidies

  • President Donald Trump criticized Elon Musk for benefiting excessively from government electric vehicle subsidies, suggesting Musk may have to close his businesses without subsidies.
  • Trump highlighted that Musk receives significant subsidies and implied that the U.S. could save money if subsidies were removed.
  • Elon Musk previously criticized the US Senate's tax bill, warning that cuts to EV and clean energy credits could have a detrimental impact.
  • Tesla, which benefits from consumer tax credits for electric vehicles, faces challenges with potential decreases in demand due to policy changes.

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