Elon Musk Says US Congress Shouldn't Accept Biden's EV Bill

Tesla CEO Elon Musk, on December 6 at the WSJ CEO Council Summit said the US Congress shouldn't accept the administration bill by Biden for Electric Vehicles (EVs). "It'd worsen the country's budget deficit," he added. Reportedly, the bill talks about boosting subsidies on EVs. ''I'm literally saying get rid of all subsidies," he further escalated the criticism about the US-built electric vehicles, an extra $4,500 tax incentive.