Later this week President Joe Biden puts the final touches on a major win for his administration, signing the Inflation Reduction Act (IRA) into law. Among a number of initiatives in the $700 billion package are huge investments in new climate initiatives like rebate programs for energy efficient appliances and retrofits, production tax credits and provisions for battery and solar cell manufacturers, and most importantly for the automakers, as tax credits for new and used electric vehicles.
Elon Musk, the world's richest person, tweeted on Wednesday that he was joking when he said that he was going to buy English soccer club Manchester United Plc. About four hours earlier, Musk had tweeted: "I'm buying Manchester United ur (sic) welcome," without offering any details.
(Bloomberg) -- Elon Musk says he was joking about buying English football club Manchester United Plc and isn’t in the market for any sports teams. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat Hot SpotsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedAfter ear