Elon Musk Criticizes Congressional Spending Bill
Elon Musk has publicly condemned a spending bill recently passed by House Republicans. He called the bill a "disgusting abomination" on X (formerly Twitter), expressing his frustration with its potential impact on Tesla and the clean energy sector.
Bill Targets EV Tax Credits and Clean Energy
Musk's involvement with the government over recent months aimed to address waste and fraud. Ironically, the new bill includes provisions that could negatively impact Tesla. These include revisions to the EV tax credit, potentially reinstating a per-manufacturer cap of 200,000 vehicles. This cap would disproportionately affect Tesla, one of the first automakers to surpass that sales figure.
The bill also targets clean energy initiatives, limiting the ability of rooftop solar installations to qualify for tax credits. This directly impacts Tesla's growing energy division, which has already faced challenges from previous tariffs.
I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.
Elon Musk on X
The Committee for a Responsible Federal Budget estimates the legislation could add $3 trillion to the national debt. While Musk's public statements focus on fiscal responsibility, reports suggest he is also frustrated by the lack of favorable treatment for Tesla within the bill.
An Axios report indicates Musk felt slighted by the bill and the administration's overall lack of support. This disappointment comes despite Musk's previous efforts to engage with the government, including his time as a special government employee and his public support for the former president.
The bill's future in the Senate remains uncertain. If passed, the provisions targeting Tesla and clean energy could significantly impact Musk's businesses and the broader electric vehicle market.
