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Elon Musk: Oil bailouts wouldn’t be ‘greatest use’ of money

Nathan Crooks

Just a day after U.S. President Donald Trump announced that he was working on a plan to help prevent job losses in the oil industry, Elon Musk said he didn’t think it would be the best idea.

Tesla CEO Elon Musk introduces the Cybertruck at Tesla's design studio Thursday, Nov. 21, 2019, in Hawthorne, Calif. Musk is taking on the workhorse heavy pickup truck market with his latest electric vehicle.

“Much of the stimulus money is questionable, but this much to oil & gas seems especially so,” Musk said in a response to a Twitter user who had asked about the possible bailout.