Elon Musk says US should abolish ‘all’ government subsidies
Elon Musk said Monday: at the Wall Street Journals CEO top that he doesn’t think the United States needs the Biden administration’s infrastructure bill — or any government subsidies for that matter. “Just delete them all,” he said.
The CEO of Tesla and SpaceX said during the interview that he is concerned about the federal deficit. “We’ve spent so much money… the federal budget deficit is insane,” he said.
‘I’d say… can do the whole bill. Don’t pass it on, that’s my recommendation,” Musk said.
Musk pointed out that Tesla has been selling its electric cars in the US for over a year without the $7,500 federal tax credit, without hitting a question. Most other automakers, with the exception of General Motors, are still eligible for the credit.
The Build Back Better portion of Biden’s infrastructure plan currently includes a provision to extend that credit and add another subsidy for electric vehicles made by union workers, though it has yet to pass the Senate. Musk has ridiculed union-oriented credits in recent months and Called Biden a “puppet” of the United Auto Workers.
Musk also said he doesn’t believe the US government should provide subsidies to expand charging infrastructure, even though that provision is in the infrastructure bill that Biden has already signed into law.
“Do we need support for gas stations? We do not. So this is not necessary,” Musk said.
Tesla currently operates more than 3,000 charging stations with about 30,000 connectors worldwide, but plans to open that network to other electric vehicles sometime in the near future.
Musk’s companies have benefited from many different federal and state grants over the years, and the government is a major customer of SpaceX (although SpaceX gained much of that by drastically undercutting the prices of incumbent players). Tesla has also had tremendous success in China after a lot of help from the central government there. Musk said Monday that Tesla “did not expect subsidies” when the company was still in its early years.