Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit
Donald Trump said he would consider ending a $7,500 tax credit for certain new electric vehicles, which could affect Tesla CEO Elon Musk's EV business.
ValVades
Published Mon, Aug 19 20245:30 PM EDTUpdated Mon, Aug 19 20246:01 PM EDT
Key Points
Elon Musk (L) and Donald Trump (R).
David Swanson | Vincent Alban | Reuters
Former President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White House.
Trump told Reuters in an interview that he would tap Musk for such a position "if he would do it."
But the Republican nominee also said he would consider getting rid of a $7,500 tax credit for certain new electric vehicles. That could affect business for Tesla, which sells EVs.
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"Tax credits and tax incentives are not generally a very good thing," Trump told Reuters after a campaign event in York, Pennsylvania.
Musk endorsed Trump in July, shortly after the former president narrowly survived an assassination attempt at a campaign rally in western Pennsylvania.
Trump is set to face Vice President Kamala Harris, the Democratic nominee, in November's election.
