Business

Elon Musk Joins Trump To Hatch Infrastructural Spending Plan

REUTERS/Kevin Lamarque

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Chris White Tech Reporter

Elon Musk is meeting with President Donald Trump and other business leaders to discuss how to hash out the president’s $1 trillion infrastructure proposal.

The Tesla CEO is scheduled to attend the Wednesday meeting with Trump, along with Secretary of Transportation Elaine Chao and Secretary of Energy Rick Perry. Musk will be among a slew of energy and technology business leaders attending the confab.

Trump has continually touted a bold and expensive plan to dramatically update the country’s infrastructure.

“The time has come for a new program of national rebuilding,” the president said last month during his address to Congress. “To launch our national rebuilding, I will be asking Congress to approve legislation that produces a $1 trillion investment in infrastructure of the United States.”

Funding for the projects will come from both private and public investments, he claimed.

Trump’s emphasis on job creation and infrastructure spending is a good sign for the green energy revolution, Musk told investors at Tesla’s Gigafactory in January. The electric automaker employs about 25,000 people across the U.S., and hopes to add another 1,000 at its solar panel factory in Buffalo.

Tesla, for its part, receives extensive government tax credits. The automaker recently acquired SolarCity, which was founded and directed by several members of Musk’s inner circle and is propped up primarily by billions in taxpayer dollars.

Musk has become one of Trump’s biggest supporters, at least on business matters.

The tech entrepreneur, who made opposition to fossil fuels a key component of his brand, also offered an endorsement of Secretary of State Rex Tillerson, who formerly served as CEO of Exxon, shortly before his confirmation hearings.

The relationship benefits Musk and Trump equally, Bloomberg’s report explains.  The connection gives the president cover for techie-types in Silicon Valley, many of whom consider Trump an anti-science dullard.

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