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Tesla’s Musk says Biden’s electric vehicle bill should not pass Congress

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Reuters

SAN FRANCISCO (Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Monday that Congress should not approve the Biden administration’s bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the U.S. budget deficit. The billionaire entrepreneur is escalating criticism about the administration and Democrats for a proposal to give union-made, U.S.-built electric vehicles an additional $4,500 tax incentive. Tesla and foreign automakers do not have unions at their U.S. factories. “Honestly, it might be better if the bill doesn’t pass,” Musk said at the WSJ CE…

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