President Trump is a fan of Tesla (TSLA) CEO Elon Musk, but not the $7,500 tax credit some of the buyers of his EVs receive. In an interview with Reuters, the former president says he would consider Musk for a cabinet or advisory role in his administration if he wins in November. However, Trump also said he is still considering eliminating the $7,500 tax credit that some EVs, including ones made by Tesla, receive.

Yahoo Finance senior columnist Rick Newman breaks down the interview in the video above.

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This post was written by Stephanie Mikulich.