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Elon Musk reacts to his brother's criticism of Donald Trump's 'One Big Beautiful Bill'
Elon Musk reacts to his brother's criticism of Donald Trump's 'One Big Beautiful Bill'

Time of India

time10 hours ago

  • Business
  • Time of India

Elon Musk reacts to his brother's criticism of Donald Trump's 'One Big Beautiful Bill'

Elon Musk has echoed the concerns of his brother Kimbal Musk over the future of American energy independence and about the impact of President Donald Trump 's 'Big, Beautiful Bill' on renewable energy growth. Kimbal Musk criticised the new legislation, arguing that it would halt the expansion of solar and wind power in the United States. He asserted that the bill's provisions would necessitate the construction of 25 new natural gas plants per year to compensate for the renewable energy growth that would be lost. "American Energy Independence is critical to our national security. The new bill will drive solar and wind energy growth to zero. Zero," he said. Kimbal Musk fired 'China warning' in terms of energy consumption He also questioned where the US will get enough energy to compete with China. "We will need 25 new natural gas plants built per year to replace our amazingly successful solar and wind energy growth that this bill will kill. Do the math. It takes 5-7 years to build a natural gas plant. The AI race will be won or lost in the next few years. Our energy grids are already collapsing," he added. "We need more energy now, not in 2032. American Energy Independence goes away because of a grudge against solar? Come on guys, we can do better than this," Kimbal Musk noted. His post got a reply from Jesse Peltan, co-founder and CTO of HODL Ranch, who shared a graph that showed how China's solar and nuclear energy is better than the US. "They don't understand," said Peltan. Musk shared Peltan's post, saying, "They sure don't." The bill is argued to effectively roll back key clean energy tax incentives established by previous administrations, particularly under the Inflation Reduction Act. It is also argued that it will accelerate the phase-out of existing clean electricity production and investment tax credits for solar, wind, and other renewables. As per draft bill, solar and wind incentives cuts will be 60% of their value in 2026 and end by 2028. Under current law, the phase-out will not begin until 2032. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

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