Daily Caller: Elon Musk Could Lose Tons Of Cash If Trump Cuts His Subsidies

Donald Trump winning the presidential election could be bad news for billionaire Elon Musk’s electric green energy company since it’s unclear what will happen to soon-to-expire subsidies, according to The Wall Street Journal.

Trump’s election, coupled with Republican control of both chambers of Congress, might mean the end of some federal tax subsidies for solar power and electric cars, WSJ suspects in the article.

Currently, green subsidies are set to phase out over time, and Trump could damage Musk’s business ventures if he eliminates or refuses to renew lucrative tax credits.

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