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Trump praises Elon Musk but warns he could ditch EV tax credit

DeFi Daily News by DeFi Daily News
August 20, 2024
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Trump praises Elon Musk but warns he could ditch EV tax credit
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President Trump is a fan of Tesla (TSLA) CEO Elon Musk, but not the $7,500 tax credit some of the buyers of his EVs receive. In an interview with Reuters, the former president says he would consider Musk for a cabinet or advisory role in his administration if he wins in November. However, Trump also said he is still considering eliminating the $7,500 tax credit that some EVs, including ones made by Tesla, receive.
Yahoo Finance senior columnist Rick Newman breaks down the interview in the video above.
#youtube #elonmusk #trump

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Tags: BondsbusinesscreditCurrenciesditchElonEquitiesFXInvestingInvestmentMarketMarketsMoneyMuskNewsNYSEPersonal FinancePoliticsPraisesSavingsStock marketstockstaxTrumpWarnsYahoo FinanceYahoo FInance Premium
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