Elon Musk Hits US Federal EV Spending: WSJ

Tesla chief executive Elon Musk took aim at a key Biden Administration legislative proposal and said China is adjusting to its growing position as a dominant world power, in an interview with The Wall Street Journal.

At the WSJ CEO Council Summit, Musk slammed federal efforts meant to spur electric vehicle adoption, including a roughly $2 trillion social-spending and climate bill that would boost incentives for buying battery-powered cars.

Read the full report: WSJ.

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Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.