United States

Elon Musk speaks against Biden’s electric vehicles bill

13:46, 07 December 2021
Elon Musk speaks against Biden’s electric vehicles bill Photo: Photo: NASA/via Globallookpress.com

CEO of Tesla Elon Musk addressed the Congress saying that it should not support the American President's plans of increasing subsidizing  of electric vehicles.

He said that such interference from the government to the sector may make the country’s budget deficit worse.

Musk’s critique of Biden’s administration is growing following the proposal of Democrats to give union-made electric vehicles $4,500 tax incentive, while Tesla does not have unions.

"Honestly, it might be better if the bill doesn't pass," Musk said in a statement.

"I'm literally saying get rid of all subsidies," he added.

This is not the first time Elon voices his discontent with Democrats’ political proposals.

He already criticized the Democrats proposal of the billionaire’s tax. 

"It does not make sense to take the job of capital allocation away from people who have demonstrated great skill ... and give it to, you know, an entity that has demonstrated very poor skill in capital allocation, which is the government," he said at that moment.

When Senator Bernie Sanders supported the bill on Twitter Musk went as far as saying that he keeps forgetting Bernie is still alive. 

He also recently said that those who are over 70 should not be allowed to run for presidency, probably linking to Biden who recently turned 79-years-old and undergone his first presidential physical exam.