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Elon Musk
@elonmusk
There is no change to tax incentives for oil & gas, just EV/solar
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Gail 🇺🇸
@gailalfaratx
Replying to @teslaenergy
Are Oil/fossil fuel credits ending? It appears they are not. So slashing solar energy credits is unjust. But what’s more unjust is the damage that is done to people’s lives during storms and blackouts, because ultimately you can’t replace a human life.
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David Watson 🥑
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Alexis Rivas
@alexisxrivas
No energy production should be subsidized. We need to de-regulate leaving only regulations on true direct health and life safety issues, and let industries compete based on merit alone.
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jason
@JsnVem
Some US oil & gas subsidies are over a century old. Comparing them to relatively new EV/solar credits isn't quite apples-to-apples in terms of policy inertia.
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Vekay
@rajuvamsi007
Final Answer The total EV incentives given out in 2024 are estimated at $5.8 billion (federal tax credits), or $6.8 billion to $7.8 billion including state incentives. In comparison, oil and gas incentives in 2025 are $18 billion to $30 billion. This means oil and gas
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Angie G
@MomAngtrades
Wait? I thought you were ok with the incentives going away? Isn’t that ultimately bullish for Tesla since you’re one of the view companies that can operate without the tax incentives?
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AJ
@alojoh
Interesting this comes few weeks after you said you’d be spending less on politics.
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TWOCRYPTOBROS
@twocryptobros
Elon just cleared it up: tax incentives aren’t being cut for oil & gas – only for EVs and solar. Let that sink in. Clean energy gets slashed, but fossil fuels stay protected. So much for “progre
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Marius Fanu
@mariusfanu
Oil and gas is still a huge industry in the US, and taxing it will probably have high implications. EV tax incentives are to get people to move away from ICE cars to EVs, and it helps that industry. Not sure EVs are mature enough to survive without tax incentives at the
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Zack
@BLKMDL3
That seems quite unfair. We should be either giving credits to everything or nothing.
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Gail 🇺🇸
@gailalfaratx
"Incentives" is another word for our hard earned tax dollars, imo either remove all incentives, or make them fair, and it would be much easier to just remove them all.
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Jason W
@jmwilt21
Didn't you know this would happen from the beginning? EV owners were hoping you would talk some sense into them and prevent them from screwing the EV market but that never happened?
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𝖙. 𝖜𝖎𝖑𝖑𝖞 ♰ 🖕🏼
@90sMeta
Weird coming from an ev/solar guy. What about energy storage? You would think someone in trumps ear would push solar and ev. But yet doesn’t. Strange plays all around. I’m curious to see what the next 3 years bring. Year 1 a waste so far. No success with war or trade to date.
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Michael "MacPaladin" Prokop
@MaciaPaladin
Maybe if someone were to at least push biofuels as an alternative in the short term. Then the oil and gas companies can keep operating, U.S. auto manufacturers could make ACTUAL bio-diesel engines that are more energy efficient on par with gas, and we'd re-vitalize the struggling
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Adam Lowisz 🇺🇸🇵🇱🇪🇺🇬🇧🇺🇦
@AdamLowisz
We need to put an end to oil and gas subsidies. We have to choose which energy source is most efficient. By subsidizing oil and gas, we are skewing the markets which is harming us in the long run because we need to start investing more heavily into solar.
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Traveler
@MilesTrav
There should either be no credits, or blanket credits for energy production/car production across the board. The government shouldn't decide which wins, the market should.
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Shooter McDadden 🎯
@ShooterMcDadden
The most fair thing to do would be to place a tax on tires as a function of load rating.
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Shooter McDadden 🎯
@ShooterMcDadden
Okay, let’s talk about this. A flat tax per year on EV registration is unconstitutional and a non starter in my opinion. Here is what I propose instead. A federal excise tax on tire sales, as a function of load rating. This is the most fair way to tax per-use wear and tear on
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GIF
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Stephen Porter
@farttroll100000
Solar is not some great "savior" - Artificial Intelligence told me that if there was a major solar push, that there would begin to be shortages of minerals to make the panels by 2050. We need to keep innovating new energies - just like electricity replaced candles.
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DAS
@Das_Filter
bruh leave LOE expenses alone and the marginal well credit helps small biz not big oil
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Herbert Whitehouse
@DoubleWhitehous
no change to tax incentives for oil & gas, just EV/solar. It is OK to say t certain technologies (even if advancing U.S. energy independence & resilience) hv come down in price enough to compete w/subsidy, but… …using taxpayer money to artificially protect the past⁉️
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Collin Peskett
@CollinPeskett
Does this include the EV vehicle purchase credit? I recall Mr. Musk was for removing that. Anything else could be an issue in adoption of energy production. I think all houses should have solar and a battery bank.
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Mark Castillo
@MarkDoesBooks
Cutting solar incentives while oil and gas stay untouched feels like a step backward. If the goal is long-term energy resilience, the math isn’t mathing.
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RICARDO SARMIENTO
@Ricardo_SarFre
Nuclear energy is the only energy source capable of sustaining the AI revolution planned by ELON MUSK, gas will continue to be an alternative for metallurgy and oil for transportation, even coal is used as a backup energy system, while green energies have excellent domestic
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Mr Ed 🐴
@Ed_Randgad
$250 fed ev tax, IL has $250 registration fee, so it costs $500 a year before driving 1 mile of EV
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Tyrannus
@tyrannus_mw
In an ideal situation, we’d hope that fossil fuel revenue would go towards making EV/solar more accessible than it currently is But apparently that’s asking for too much
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Anthony Hunter
@_LiarsDice_
Not just incentives but also to charge $250/year for EVs, on top of what many states already charge and double what ICE vehicles would pay.
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Checkmark Warrior
@phenryspromise
Now hold up.
@POTUS
has always been a proponent of fossils as a way to spur American growth. And while I see value in EV/Solar, the American path to energy independence is still fossils. Fossil fuel production must grow at a faster rate than alternatives to make alternatives an
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Tesla Yoda
@teslayoda
Elon have you raised this with the board?
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Tesla Yoda
@teslayoda
Tesla should acquire/merge with xAI. 1. Combine AI compute resources. 2. xAI to leverage Tesla Energy to generate and store energy to power AI training and inference workloads 3. Tesla to leverage Grok for use in Tesla cars and Optimus 4. Tesla and xAI to train a Physical AI
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Rob Frasca
@robfrasca
In a world where the energy landscape is shifting faster than the latest tech trends, it's all about embracing the future. EVs and solar are the new frontiers. Let's keep driving innovation forward!
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⚜️the cat's meow⚜️
@thecatsmeow1231
According to Grok: The wealthiest Americans, especially the top 0.1%, benefit most from the "One Big Beautiful Bill" tax cuts, gaining significantly more than middle- and lower-income households due to provisions like permanent extensions of the 2017 Tax Cuts and Jobs Act and
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Yordo
@gordowinsagain
Here in NYS, there are massive, massive subsidies and tax incentives for solar, nothing for oil and gas. Every which way you can think of, the developers are given tax breaks, grants, fungible debt, accelerated depreciation, zero sales tax, tradable tax credits. Nothing like
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Mirthful Moments
@moment_mirthful
Earn it? Taxed. Spend it? Taxed. Save it? Taxed. Invest it? Taxed. Own it? Taxed. Sell it? Taxed. Live in it? Taxed. Drive it? Taxed. Eat, drink, smoke it? Taxed. Gift it? Taxed. Die? Still taxed. Meanwhile? They waste it. Our wallets are bleeding, and our future’s being
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Lorrie Ann 🇺🇲🇺🇲🇺🇸
@LorrieAnn25
I'm really sorry to hear that. I was thinking about getting solar, but not in the house we're in now. After my husband retires and we move away from here!!
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Adam L
@AdamLProduction
Energy companies were late in understanding how solar and storage solutions are a huge threat to their bottom line. They're quietly lobbying politicians to end solar credits to disincentive people from no longer being dependent on the power grid.
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Charles Mowrey
@CharlesMowrey
The real travesty is that America hasn’t transitioned towards Natural Gas. Cleaner, abundant. It’s what supplies the bulk of electricity for Teslas.
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