Trump Considers Offering Elon Musk a Role in His Future Cabinet, But Raises Doubts About Continuing the $7,500 EV Tax Credit
Former US President Donald Trump said in an interview that if elected, he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or advisory role in his administration. He told Reuters he would tap Musk for such a role "if he would do it." Trump also said he would consider eliminating the $7,500 federal tax credit for electric vehicles, which could impact Tesla's EV business. Trump expressed skepticism about tax credits and incentives at a campaign event in Pennsylvania, saying, "They are not generally a good thing." Musk endorsed Trump in July, following an assassination attempt.
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00:00It's Benzinga, and here's what's on the block.
00:02Former U.S. President Donald Trump said in an interview that if elected, he would offer
00:06Tesla and SpaceX CEO Elon Musk a cabinet position or advisory role in his administration.
00:12He told Reuters he would tap Musk for such a role if he would do it.
00:16Trump said he would consider eliminating the $7,500 federal tax credit for electric vehicles,
00:21which could impact Tesla's EV business.
00:24Trump expressed skepticism about tax credits and incentives at a campaign event in Pennsylvania,
00:29saying they are not generally a good thing.
00:31Musk endorsed Trump in July following an assassination attempt.
00:34For all things money, visit Benzinga.com.