Elon Musk holds a press conference with US President Donald Trump (not pictured) at the White House in Washington, DC, US on May 30, 2025.
Nathan Howard | Reuters
Tesla CEO Elon Musk said the US is a beneficiary of Indian talent, and the H1-B VISA program has worked with companies.
– Yes shock Hauck with Nikhil Kamat of Indian Entrepreneurs was released, Muscle said that some companies used H-1B visas at “a fraction of the cost” of the cost of American citizens, who hire people because of a “talent shortage”.
US President Donald Trump raised H-1B visa fees to $100,000 in September, which will affect Indian workers. More than 70% H-1B visa holders. Trump softened his stance on H1-B visas last month. proverb In an interview with Fox News, we didn’t have “certain talents” because of the need for foreign labor.
“I didn’t think we should shut down the H-1B program,” Musk said, adding that it would be “very bad.”
Relations with the US President “Musk” are being repaired salted In May, Trump’s spending bill raised concerns about the administration’s tariff policies. Trump’s close aide At one point, Trump said Musk tried to persuade the president to accept the tariff route, but failed.
“I think it’s a good trade-off,” Muskar said, adding that tariffs create distortions in markets. If tariffs at the individual level, or within each state, would be disastrous for the economy, “Then why do you want tariffs between countries?” He said.
Tesla’s CEO announced the creation of a government efficiency department recently distributed According to Reuters, eight months away, the president said he likes the tariffs.
Trump has imposed “reciprocal” tariffs on dozens of countries, which have repeatedly claimed to fight low US tariffs.
In the podcast, which covered a wide range of topics, Musk also advocated for his vision for the future, predicting that the future will be in less than 20 years and that money will “disappear.”
Energy is the real currency, Muskus said. “That’s why I said Bitcoin is based on energy. “You cannot legalize energy,” I said.
Bakcoin and other cryptocurrencies have seen a sharp sell-off over the past two months as investor sentiment for selective assets.