Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit

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.

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

Read more CNBC politics coverage

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

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

Source

Politics

SAVE Act voter ID bill is on the minds of Trump and Congress: What to know

February 6, 2026

U.S. Senate Majority Leader John Thune, R-S.D., speaks to reporters after the weekly Senate Republican caucus policy luncheon at the Capitol in Washington, Jan. 13, 2026. Kevin Lamarque | Reuters The rapper Nicki Minaj supports it. Elon Musk says it’s critical to sustain American democracy. The SAVE America Act voter identification bill emerged this week […]

Politics

U.S. arrests suspect in 2012 Benghazi consulate attack, Bondi says

February 6, 2026

WASHINGTON, DC – FEBRUARY 06: U.S. Attorney General Pamela Bondi (C), Federal Bureau of Investigation (FBI) Director Kash Patel (L) and U.S. Attorney for Washington, DC Jeanine Pirro make a press announcement at the Department of Justice on February 6, 2026 in Washington, DC. Bondi announced the FBI has captured and extradited Zubayr al-Bakoush, a […]

Politics

Trump posts racist image of Obamas, White House defends it and slams ‘fake outrage’

February 6, 2026

US President Donald Trump, First Lady Melania Trump along with former US president Barack Obama and wife Michelle Obama attend the funeral service for former US president George H. W. Bush at the National Cathedral in Washington, DC on December 5, 2018. Mandel Ngan | Afp | Getty Images President Donald Trump shared a racist […]