Elon Musk speaks out against Biden social spending and climate bill


Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai.

STR | AFP | Getty Images

Tesla CEO Elon Musk said he’s against President Joe Biden’s social and climate spending bill, pointing to his concerns about the “insane” federal deficit.

“Honestly, I would just can this whole bill,” Musk said late Monday during The Wall Street Journal’s CEO Council Summit. “Don’t pass it, that’s my recommendation.”

The Build Back Better Act, which has passed in the House but has yet to go to the Senate, includes tax incentives of up to $12,500 for vehicles built by autoworker union members to spur consumer demand in electric vehicles. The Biden administration’s efforts…


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