Tesla’s CEO Elon Musk issued a strong warning that aggressive tariffs, proposed aggressive tariffs of American Donald Trump, could move the country to the recession by the end of 2025.
In the paper on X, Musk said: “Trump tariffs will cause a recession,” signals a dramatic shift from his earlier support to Trump.
The hostility began when Trump criticized CEO Tesla Musk in an oval office. Within a few hours, the once closed relationship in a full public perspective disintegrated, because the most powerful man and his richest in the world launched personal spines with him on Trump’s truth and Musk’s X.
“The easiest way to save money in our budget, billions and billions of dollars is to end Elon’s government subsidies and contracts,” Trump said on Truth Social, as stated by AP.
Also read: Elon Musk has just released Donald Trump – 10 quotes you have to read
Trump stated that Musk’s opposition to the bill was rooted in a provision that would dirty back loans on electric vehicles, from which Tesle benefited. “Elon had” thin “, I asked him to leave, I took his mandate EV, which forced everyone to buy electric cars that no one else wanted (that he knew I had been doing for months!), And he just went crazy!” Published Trump.
Musk hovered the idea of creating a new political party “that actually represents 80% in the middle”.
Musk denied this motivation in the X post and said it was okay to reduce EV credits if the legislators “dig up the mountain of disgusting pork in the account”.
“Great Beautiful Account”
After leaving Musk, Trump’s proposed Republican legislative package – which Trump dubbed his “one big beautiful account” criticized extensively. Musk claimed that the plan would deteriorate the US budget deficit and significantly damaged the industry of electric vehicles.
Trump tariffs cause a recession.
One key provision in the bill would by the end of 2025 – seven years earlier than planned, would eliminate up to $ 7,500 for buyers, including Tesla models, including Tesla models. JPMORGAN analysts estimate that this step could reduce Tesla’s annual profit by $ 1.2 billion.
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