Monday, January 23, 2017
Elon Musk and other executives are at the White House to meet with Trump
Tesla and SpaceX CEO Elon Musk is at the White House.
Musk is one of several executives attending President Donald Trump's meeting on manufacturing Monday morning. Reuters' reporter Roberta Rampton snapped a shot of Musk in the White House's Roosevelt Room, along with executives from Lockheed Martin, Whirlpool, Under Armour, and Johnson & Johnson.
Although Musk and Trump have diametrically opposing views when it comes to climate change, the two seem to be aligned when it comes to US manufacturing.
Musk is building his massive battery factory, the Gigafactory, in Sparks, Nevada that is slated for completion in 2020. When it's finished, the factory will house 6,500 employees.
Trump said Monday morning that he will cut regulations by 75% to encourage businesses to manufacture their products in the US. He also said he will cut taxes "massively" for businesses, adding that those who move abroad to manufacture their products will face a major border tax.
Although Musk is building his first Gigafactory in Nevada, Musk plans to build a second plant somewhere in Europe, the Tesla CEO said in November. Musk had said Tesla will look at locations for its Europe plant in 2017.
This isn't Musk's first meeting with Trump. In December, Musk, along with tech CEO's like Apple's Tim Cook and Alphabet's Larry Page, met with Trump in New York.