Trump Considers Offering Elon Musk a Role in His Future Cabinet, But Raises Doubts About Continuing the $7,500 EV Tax Credit

Benzinga 2024-08-20

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Former US President Donald Trump said in an interview that if elected, he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or advisory role in his administration. He told Reuters he would tap Musk for such a role "if he would do it." Trump also said he would consider eliminating the $7,500 federal tax credit for electric vehicles, which could impact Tesla's EV business. Trump expressed skepticism about tax credits and incentives at a campaign event in Pennsylvania, saying, "They are not generally a good thing." Musk endorsed Trump in July, following an assassination attempt.

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