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Trump Considers Musk for Cabinet Post, But May Cancel Tesla Tax Credits

Industry dynamics 2024-08-20 10:02:52 Source:

Trump Considers Musk for Cabinet Post, But May Cancel Tesla Tax CreditsAugust 20 - Former US President Donald Trump has stated that he would consider appointing Elon Musk, CEO of Tesla and SpaceX, to a cabinet position or as a government advisor if he wins the 2024 presidential election. During an interview, Trump said he would "ask him to do that" if Musk was willing

Trump Considers Musk for Cabinet Post, But May Cancel Tesla Tax Credits

August 20 - Former US President Donald Trump has stated that he would consider appointing Elon Musk, CEO of Tesla and SpaceX, to a cabinet position or as a government advisor if he wins the 2024 presidential election. During an interview, Trump said he would "ask him to do that" if Musk was willing.

 Trump Considers Musk for Cabinet Post, But May Cancel Tesla Tax Credits

Trump's statement has sparked speculation about whether Musk would accept such an appointment. As one of the most influential figures in the tech world, Musk has consistently advocated for technological innovation and has been actively involved in political discourse. Previously, Musk has publicly criticized the Biden administration's policies while aligning with Trump's administration on certain issues.

However, Trump also indicated that he might consider abolishing the $7,500 tax credit for new electric vehicles. This could potentially impact Tesla's business. Speaking to reporters after a campaign event in York, Pennsylvania, Trump stated, "Tax credits and tax breaks generally aren't a good thing."

In July, following a near assassination attempt against Trump during a campaign event in western Pennsylvania, Musk publicly voiced his support for him. "I support President Trump," Musk wrote on social media. This move sparked controversy, with some criticizing Musk's stance as overly extreme, while others defended it as a simple expression of his personal views.

Trump is expected to face off against Democratic candidate and current Vice President Kamala Harris in the November presidential election. It remains unclear whether Musk will officially join Trump's campaign team or what his stance is on Trump's proposed tax credit policy.

Trump's statement suggests his efforts to attract tech talent to his team and garner greater voter support. However, his actions have also raised questions about his ability to actually achieve his policy goals.

Musk has yet to publicly address the matter. Whether he accepts Trump's invitation and how he would respond to Trump's proposed tax policies are key points to watch in the coming period.

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