Browsing: Tesla

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. 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. Read More