• Latest
  • Trending
Elon Musk Calls Government’s Expenditure ‘Crazy’

Elon Musk Calls Government’s Expenditure ‘Crazy’

December 8, 2021
Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022
Fibre optic interconnection linking Cameroon and Congo now operational

Fibre optic interconnection linking Cameroon and Congo now operational

July 15, 2022
Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

July 15, 2022
Airtel Africa Purchases $42M Worth of Additional Spectrum

Airtel Africa Purchases $42M Worth of Additional Spectrum

July 15, 2022
Huawei steps up drive for Kenyan talent

Huawei steps up drive for Kenyan talent

July 15, 2022
TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

July 15, 2022
Facebook to allow up to five profiles tied to one account

Facebook to allow up to five profiles tied to one account

July 15, 2022
Top 10 apps built and managed in Ghana

Top 10 apps built and managed in Ghana

July 15, 2022
MTN Group to Host the 2nd Edition of the MoMo API Hackathon

MTN Group to Host the 2nd Edition of the MoMo API Hackathon

July 15, 2022
KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

July 15, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Tuesday, 7 February, 2023
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Elon Musk Calls Government’s Expenditure ‘Crazy’

by ITECHNEWS
December 8, 2021
in Business
0 0
0
Elon Musk Calls Government’s Expenditure ‘Crazy’

Tesla founder Elon Musk expressed his opposition against the “Build Back Better” Bill of the Biden admin, according to a report earlier this week. The billionaire said that it would be better if the infrastructure bill did not pass.

The said proposal covers the funding for the charging stations of EVs and more. Still, he called the government expenditure “crazy” regarding this move.

YOU MAY ALSO LIKE

Inaugural AfCFTA Conference on Women and Youth in Trade

Instagram fined €405m over children’s data privacy

According to a report by Bloomberg, the business tycoon spoke via video link that the bipartisan infrastructure bill is something that the government should not allow. 

“You can’t just spend $3 trillion more than you earn every year. If you don’t cut government spending, something really bad’s gonna happen. This is crazy. Our spending is so far in excess of revenue. It’s insane. Like you could zero out all billionaires in the country … you still wouldn’t solve the deficit,” Musk said in an evening interview.

Despite plans to establish more improved pathways for the EV such as airports, tunnel systems, and advanced highways, Musk could not see any “strong effort” in this direction.

From the Texas-based Tesla Gigafactory, the SpaceX CEO hit the provisions regarding the construction of EV charging stations across highways. Musk compared it to what the government did in the context of building the gas stations.

The 50-year-old entrepreneur suggested that the government should delete this proposal, citing that there’s no need to support a charging network. He also meant here that the authorities should get rid of all the subsidies for the gas and oil industry.

Musk Suggests Government to Act as Referee on EV Purchase Tax Credit

Musk stressed that the electric vehicle firm halted from getting the EV purchase tax credit a couple of years ago. 

Regarding this context, he said that the government should do what a referee does rather than being a field player. The Tesla CEO added that he did not see any worth in the bill’s R&D provisions, as well.

What he meant about his statement is that the government should “get out of their way” on this infrastructure bill and not meddle on the potential progress.

Despite criticisms about the government, Musk said that there’s still a good thing about its involvement in science, according to a report by CNET. One thing he pointed out was its participation in the Mars probe program.

Furthermore, the tech boss highlighted more about his Neuralink project. He spoke that it was currently going smoothly with the monkeys. Musk expects that by next year, the FDA approves it for quadriplegics and tetraplegics.

Musk has many plans in the next few years including the increase in the volume production of Cybertruck in 2023. As 2022 nears, he said that he will unveil more updates about his technologies in the next earnings calls a few months from now.

Earlier this month, Tech Times reported that Elon Musk commented that “Pong” could imply more about life simulations to reality.

In other news, the head of the European Space Agency (ESA) warned that Musk’s projects are only making him overtake the whole tech market. According to Josef Aschbacher, the EU leaders should prevent the tech founder from creating more space projects.

While Musk is making his own set of rules, Aschbacher said that Europe and the “rest of the world” are not just responding enough regarding his projects.

By Tech Times | Joseph Henry 

ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022

Recent News

  • Inaugural AfCFTA Conference on Women and Youth in Trade September 6, 2022
  • Instagram fined €405m over children’s data privacy September 6, 2022
  • 5.7bn data entries found exposed on Chinese VPN August 18, 2022
  • Fibre optic interconnection linking Cameroon and Congo now operational July 15, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version