Elon Musk, the largest donor of Trump’s campaign in the US presidential election 2024, but is now the opposite party, is one of the critics “One Big Beautiful Act Beautiful Bill”.
“This will destroy millions of work in the United States and cause large strategic losses for our country!” Call the general director Tesla and SpaceX on Saturday (29/6).
“Really crazy and destructive,” Musk added. “This bill provides subsidies to past industries, at the same time seriously damage future industries.”
Musk, as reported CBS News It is said that the approval of one big beautiful bill will be “political suicide for the Republicans.”
Musk comments again discovered a hot conflict, which recently occurred between him as the former head of the Department of Government Effectiveness (DOGE) and the government that he had just left.
Musk resolutely abandoned the “one big beautiful bill”, one of which was associated with a large budget. He said that the level of state expenses listed in the bill was “crazy”, and condemned the provisions to increase the ceiling of the state debt by 5 trillion US dollars.
Nevertheless, criticism of Musk cannot be separated from the direct impact of this policy on his business. Tesla, as a manufacturer of electric vehicles and a supplier of solutions of renewable energy sources, depends on state incentives. According to the JPMorgan Chase analysis, the elimination of tax loans for electric cars in this bill may lead to the fact that Tesla will lose up to 1.2 billion US dollars.
In its annual report, presented earlier this year, the company admits that the termination of these programs “can harm our business, because“ makes our products less competitive in the eyes of consumers. ”
