Tesla, Ford, Lockheed Martin Meet With Trump, President Promises To Cut Regulations, Taxes

Tesla’s Elon Musk and other corporates met with President Donald Trump Monday, a picture taken by Reuters reporter Roberta Rampton shows.

Musk, who's also CEO of Space X, was in the Roosevelt Room of the White House with executives from Under Armour, Whirlpool, Ford, Dow Chemical and Lockheed Martin.

Musk and Trump met last month in Manhattan for a tech summit that included Apple CEO Tim Cook, Amazon’s Jeff Bezos, and Facebook COO Sheryl Sandberg.

Tesla and Trump

There is a big difference of opinion between Musk and Trump when it comes to climate change. The electric car company acquired SolarCity to help with its fancy solar roofs, revealed last year. Meanwhile, Trump has repeatedly denied that climate change is real and called it a hoax by the Chinese. His administration also recently deleted the page dedicated to climate change from the White House website.

However, before Trump took office, Musk said the real estate tycoon was not a threat to his company, and it seems like that today.

Cuts on Taxes and Regulations

During the meeting Monday, Trump promised the executives he would cut corporate taxes and regulations.

"We think we can cut regulations by 75 percent. Maybe more," Trump said according to Reuters.

At the same time he warned executives not to move production outside the country.

"We are going to be imposing a very major border tax on the product when it comes in," Trump said. "A company that wants to fire all of its people in the United States, and build some factory someplace else, and then thinks that that product is going to just flow across the border into the United States -- that’s not going to happen," he added.

Tesla is currently building a Gigafactoy in Nevada, slated to be the world’s largest building once it is completed in 2020. The factory began its production of battery cells, and when it is completed the site could employ thousands of workers and make Tesla products cheaper.