President Donald Trump delivered a wide-ranging congressional address that touched on critical economic issues, with particular emphasis on electric vehicles, energy production, and government efficiency.
On electric vehicles, Trump took a direct stance: “We ended the last administration’s insane electric vehicle mandate, saving our autoworkers and companies from economic destruction.” This declaration signals a significant shift in automotive policy, promising relief to the auto industry.
The centerpiece of his efficiency drive is the new Department of Government Efficiency, led by Elon Musk. Trump personally highlighted Tesla Inc (NASDAQ:TSLA) CEO Musk’s role, stating, “He’s working very hard. He didn’t need this.” The department aims to combat what Trump described as massive government waste, with the president claiming they’ve “found hundreds of billions of dollars of fraud” and are working to eliminate inefficiencies.
Addressing inflation, Trump specifically called out food prices, noting the impact on …
