Elon Musk compares US fight against inflation to IRA campaign to ‘defeat the British’

The Tesla and SpaceX bosses took to their social media platforms on Saturday to ask followers “What’s really harder, beating inflation or beating the British?”

This followed an earlier tweet which read: “Inflation Reduction Act (IRA) v Irish Republican Army (IRA)”.

The billionaire tech entrepreneur was referring to a landmark piece of US legislation slated for 2022 that aims to curb inflation by reducing the deficit, lowering drug prices and investing in domestic energy production while promoting clean energy Is.

The federal law was passed by the 117th United States Congress and signed by President Joe Biden on August 16 last year.

“Roth IRA vs Wrath IRA,” Musk said in an additional tweet.

Companies in North America and Europe have hailed the $430 billion package, which includes key provisions to cut carbon emissions, boost domestic production and manufacturing.

However it has also attracted criticism from the European Union over fears it could lure businesses away from the bloc with generous tax breaks.

Tesla Inc., which began assembling batteries in Germany, said it would focus on cell production in the United States in light of incentives available through the IRA, making it the first to announce a strategy shift prompted by the law. Will become one of the firms.

In November Sweden-based battery maker Northvolt said it would prioritize expansion in the United States over Europe, pointing out that it would tap into US state aid to build a factory for batteries used in electric vehicles. could get up to 800 million euros.

This is not the first time Musk has tweeted about matters in Northern Ireland.

The secretary of state became embroiled in an online feud with the outspoken businessman last November.

Mr Heaton-Harris dismissed rumors that he had resigned from his ministerial post after a fake email from the Northern Ireland Office was distributed to the media saying the Conservative MP had tendered his resignation Had given

Heaton-Harris tweeted, “Hello Twitter. Someone sent a fake email to press outlets saying I have resigned.”

“This is completely untrue. I hope @elonmusk’s first step is to end the fake news on Twitter.

“” I know, very exciting, but complete and utter.

Musk was quick to respond to an unusual question.

“What does Tosh look like?” He asked.

The controversy continued when Mr Heaton-Harris shared a screenshot of the Oxford Language’s definition of “tosh”.

He then replied to Mr Musk’s tweet again, sarcastically replying to that “Tosh”: “And/or the content of my speeches.”

Musk called Belfast “beautiful” after traveling to the city with his family in 2018, but his hopes were dashed as he looked for an investment opportunity.

He visited the set of Game of Thrones on Queen’s Island and fueled feverish speculation that he was looking for a business opportunity here.

Responding to the Belfast Telegraph, he dismissed the rumors saying that he had only visited the sets of television shows.

Musk said he loved the HBO show and was a fan of creator George RR Martin’s books.

“Belfast is beautiful,” he said after his visit which included a drink in a city center pub.

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