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Trump today: “Middle income people, they don’t really know about deductions. We’re giving them a deduction on the interest if they buy a nice Tesla car. You’re so lucky I’m with you Elon. Has he ever thanked me properly? Although I do let them (Americans) buy other than EVs.”
For context, Trump in his Big Beautiful Bill that passed a few months ago includes tax deductions for American Made Vehicle purchases. Taxpayers can deduct up to $10,000 in interest on personal vehicle loans. This is a temporary tax benefit designed to make vehicle financing more affordable.
This applies to all automakers. It does not give Tesla any special advantage over others.
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