The Real Reasons for the Fallout Between Musk and Trump
I'm PortAI, I can summarize articles.
- Trump's sudden withdrawal of Musk's recommended NASA Administrator at the last minute (the primary reason): This was the most crucial reason for Musk's funding of Trump's election campaign. After Trump was elected, he swiftly nominated Musk's recommendation, and the nominee had just passed the vote. (Furthermore, this nominee is excellent, a rare talent like Musk! 28 former directors all voted in favor!). Unexpectedly, on May 31st, Trump withdrew the nomination at the last minute. (Of course, Trump had his reasons for canceling him, but I think Trump was truly ungrateful!) This directly shattered Musk's dream.
- The "Beautiful Bill" specifically canceling subsidies for electric vehicles and new energy, but not for gasoline cars and traditional energy: The government has always given larger subsidies to electric vehicles and new energy than to traditional energy. Musk's stance was to abolish all subsidies and let cars compete fairly (although this would hurt EV sales). As a result, Trump only canceled EV subsidies and not those for gasoline cars.
- The "Beautiful Bill's" deficit budget issue (everyone knows about this, but it's actually the smallest reason): This bill is a "huge expenditure bill".$Tesla(TSLA.US)
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments