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Musk fumes as tax bill cuts EV credits

Financial Express Pune

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June 30, 2025

ELON MUSK SLAMMED the US Senate's latest version of President Donald Trump's multi-trillion dollar tax bill Saturday, warning that the cuts to electric vehicle and other clean energy credits would be "incredibly destructive" to the country.

- AGENCIES

Musk, the chief executive officer of Tesla and SpaceX, posted on his social media platform X about the bill, which the Senate advanced in a contentious vote late Saturday.

"The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country," Musk wrote on X on Saturday ahead of a procedural Senate vote to open debate on the nearly 1,000-page bill.

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