Elon musk, CEO of SpaceX

San Francisco, July 24 Soon after US President Donald Trump on Friday praised Elon Musk on his decision to build Tesla's new Gigafactory in Texas, the SpaceX CEO said that a second stimulus package is just not enough to help Americans weather the Covid-19 crisis.After he was done thanking Trump for his greetings over the new Tesla plant in the US, Musk tweeted: "Another government stimulus package is not in the best interests of the people imo (in my opinion)"."As a reminder, I'm in favour of universal basic income," he added.President Trump has reiterated that he is willing to send more direct payments to the citizens in the election year. However, the White House has emphasised payroll tax cuts in order to get more money into the hands of the Americans.Musk said: "The goal of the government should be to maximize the happiness of the people. Giving each person money allows them to decide what meets their needs, rather than the blunt tool of legislation, which creates self-serving special interests.""These are jammed to gills with special interests earmarks. If we do a stimulus at all, it should just be direct payments to consumers," he continued.The first stimulus cheque under the Cares Act was up to $1,200 for each individual, $2,400 for married/joint filers and up to $500 for dependents.There have been discussions on making the second stimulus check less than $1,200, reports CNBC.Before Musk tweeted his political views, Trump congratulated him on the new Tesla plant."Great job by @elonmusk in agreeing to build, in TEXAS, what is expected to be the largest auto plant anywhere in the world. He kept his word to me. Texas & @Tesla are big winners. MADE IN THE USA!"Musk replied: "Thank you on behalf of the Tesla team. We look forward to building Giga Texas!"The new factory will produce the Cybertruck, along with the Tesla Semi, Model Y, and Model 3 for customers in the eastern US.Tesla will invest $1.1 billion in the new factory within the first five years.In exchange, Travis County will rebate 70 per cent of the property taxes the company will pay.The new factory in Texas will be open to the public, and there will be a boardwalk and hiking and biking trails.( With inputs from IANS )

Elon MuskFOLLOW

Elon musk, Latest News

Berlin, Sep 12 SpaceX and Tesla CEO Elon Musk momentarily failed to recognise his son's name when a ... ...

San Francisco, Sep 12 The electric car maker Tesla is set to showcase "many exciting things" at its Battery ... ...

Berlin, Sep 9 Soon after Tesla CEO Elon Musk paid a friendly visit to Volkswagen CEO Herbert Diess to ... ...

Berlin, Sep 5 Tesla CEO Elon Musk before returning to the US after a three-day visit to Germany ... ...

San Francisco, Aug 31 Elon Musk would be in Germany this week to meet the researchers at the German ... ...

San Francisco, Aug 28 Elon Musk thanked his hardworking team at Tesla as the electric car makers market ... ...

San Francisco, Aug 20 Tech mogul Elon Musk took to Twitter on Thursday to confirm that Tesla cars will ... ...

San Francisco, July 24 Soon after US President Donald Trump on Friday praised Elon Musk on his decision ... ...