Tesla CEO Elon Musk said that the U.S. has been a beneficiary of talent from India, while adding that the H1-B visa program had been misused by companies.

In a podcast with Indian entrepreneur Nikhil Kamath aired Sunday, Musk said that while some companies had been using the H-1B visa to hire foreign employees at a "fraction of the cost of an American citizen," his firms recruit to make up for the "scarcity of talented people."

U.S. President Donald Trump in September raised the H-1B visa fees to $100,000, disproportionately affecting Indians workers that make up more than 70% of H-1B visa holders. Trump last month appeared to soften his stance on H1-B visas, saying in an interview to Fox News that foreign labor was needed at times because U.S. did not have "certain talent

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