Trump would offer Tesla CEO Elon Musk a Cabinet slot

Trump would offer Tesla CEO Elon Musk a Cabinet slot
Politics

Elon Musk (L) and Donald Trump (R).

David Swanson | Vincent Alban | Reuters

Former President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White House.

Trump told Reuters in an interview that he would tap Musk for such a position “if he would do it.”

But the Republican nominee also said he would consider getting rid of a $7,500 tax credit for certain new electric vehicles. That could affect business for Tesla, which sells EVs.

Read more CNBC politics coverage

“Tax credits and tax incentives are not generally a very good thing,” Trump told Reuters after a campaign event in York, Pennsylvania.

Musk, in an apparently tongue-in-cheek reply on his social media platform X, said, “I am willing to serve.”

His Monday night post included a picture of himself standing at a lectern bearing the label “Department of Government Efficiency,” and topped with the letters D.O.G.E.

The letters are a reference to a popular “doge” meme, which began mainly as a striking image of a Shiba Inu dog and later became the face of the cryptocurrency Dogecoin, which Musk has repeatedly promoted.

Musk endorsed Trump in July, shortly after the former president narrowly survived an assassination attempt at a campaign rally in western Pennsylvania.

In an interview with Trump that was livestreamed on X on Aug. 12, Musk floated the idea of a “government efficiency commission” and said he would be “happy to help out” on it.

Trump is set to face Vice President Kamala Harris, the Democratic nominee, in November’s election.

Don’t miss these insights from CNBC PRO

Read the original article here

Products You May Like

Articles You May Like

Listen to Tyler, The Creator freestyle over Kendrick Lamar’s ‘Hey Now’
Healthcare organizations in the US may soon get a cybersecurity overhaul
Mathematicians found – and fixed – an error in a 60-year-old proof
The Roth 401(k) is becoming more common
Slam Corp extends Lynk Global merger deadline as cash reserves dwindle