Home Passenger Vehicle Cars Donald Trump greets Elon Musk as Tesla CEO flays 2nd stimulus package

Donald Trump greets Elon Musk as Tesla CEO flays 2nd stimulus package

San Francisco: Soon after US President Donald Trump on Friday praised Elon Musk on his resolution to construct Tesla’s new Gigafactory in Texas, the SpaceX CEO said {that a} second stimulus package is simply not sufficient to assist Americans climate the Covid-19 disaster.

After he was completed thanking Trump for his greetings over the brand new Tesla plant within the US, Musk tweeted: “Another government stimulus package is not in the best interests of the people imo (in my opinion)”.

“As a reminder, I’m in favour of universal basic income,” he added.

President Trump has reiterated that he’s prepared to ship extra direct funds to the residents within the election year. However, the White House has emphasised payroll tax cuts in an effort to get more cash into the palms of the Americans.

Musk said: “The goal of the government should be to maximize the happiness of the people. Giving each person money allows them to decide what meets their needs, rather than the blunt tool of legislation, which creates self-serving special interests.”

“These are jammed to gills with special interests earmarks. If we do a stimulus at all, it should just be direct payments to consumers,” he continued.

The first stimulus cheque under the Cares Act was as much as $1,200 for every particular person, $2,400 for married/joint filers and as much as $500 for dependents.

There have been discussions on making the second stimulus check lower than $1,200, stories CNBC.

Before Musk tweeted his political beliefs, Trump congratulated him on the brand new Tesla plant.

“Great job by @elonmusk in agreeing to build, in TEXAS, what is expected to be the largest auto plant anywhere in the world. He kept his word to me. Texas & @Tesla are big winners. MADE IN THE USA!”

Musk replied: “Thank you on behalf of the Tesla team. We look forward to building Giga Texas!”

The new manufacturing facility will produce the Cybertruck, together with the Tesla Semi, Model Y, and Model three for purchasers within the jap US.

Tesla will make investments $1.1 billion within the new manufacturing facility inside the first 5 years.

In trade, Travis County will rebate 70 per cent of the property taxes the company pays.

The new manufacturing facility in Texas shall be open to the general public, and there shall be a boardwalk and mountain climbing and biking trails.

Elon Musk urges miners to supply extra nickel as Tesla boosts manufacturing

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