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Elon Musk said the U.S. depends on H-1B talent and urged a balanced immigration approach, arguing immigrants aren’t taking American jobs and that his companies struggle to hire enough skilled workers. His comments come as Tesla faces a proposed class action alleging favoritism toward visa holders, while major tech firms continue supporting H-1B sponsorships. Trump and Treasury officials also acknowledged the need for specialized foreign workers.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla CEO Elon Musk said the U.S. has benefited from H-1B talent
00:06and urged a balanced approach to immigration during an interview on the People by WTF podcast.
00:11Musk said immigrants are not taking American jobs
00:13and that his companies face persistent shortages of skilled workers.
00:17He acknowledged misuse of the H-1B program by some outsourcing firms
00:21and said ending the program would be harmful.
00:23His comments filed a proposed class action lawsuit found in September
00:26using Tesla favoring foreign visa holders over U.S. citizens.
00:30Major tech companies, including NVIDIA, have committed to continuing H-1B sponsorships.
00:35President Trump recently said the U.S. still needs specialized foreign talent.
00:39Treasury Secretary Scott Besson said the program is intended to bring experts
00:42for short-term training of American workers.
00:45For all things money, visit Benzinga.com.
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