Trump's Billionaire Ally Plans To Join Elon Musk's DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies
Portfolio Pulse from Benzinga Neuro
John Paulson, a billionaire investor and ally of Donald Trump, plans to collaborate with Elon Musk on federal spending cuts if appointed Treasury Secretary in a potential second Trump administration. Paulson aims to extend Trump's 2017 tax cuts and eliminate green energy subsidies. Musk's idea of a 'Department of Government Efficiency' aligns with these goals.
October 30, 2024 | 9:17 am
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Elon Musk's involvement in potential federal spending cuts and the creation of a 'Department of Government Efficiency' could impact Tesla, especially if green energy subsidies are eliminated.
Elon Musk's involvement in federal spending cuts, particularly targeting green energy subsidies, could negatively impact Tesla, which benefits from such subsidies. The potential elimination of these subsidies could affect Tesla's financials and market perception.
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