That's a company that clearly warranted another
6.6 billion dollar 'investment' (haha, loan) by the Biden administration last week.
In all seriousness, I saw that California is going to carve out it's added on EV subsidies (aka rebates)
to exclude Tesla, which is I think the only EV manufacturer that produces cars in California (could be wrong). I wonder if Tesla could cap its sales in California to make sure they stay under the threshold for subsidies next year? Make Californians buy a bunch of craptastic GM/Ford/VW/Nissan etc. EV's to further turn them sour on this insanity? I, for one, would laugh.
Quote:
Tesla CEO Elon Musk, a close Trump adviser, sharply criticized the idea of barring the automaker from EV subsidies writing on X in response "Even though Tesla is the only company who manufactures their EVs in California! This is insane."
Musk has said he supports ending subsidies for EVs, oil and gas.
Newsom said on Monday that if Trump eliminates a federal EV tax credit, he will propose creating a new version of the state's Clean Vehicle Rebate Program that ended in 2023 and spent $1.49 billion to subsidize more than 594,000 vehicles.
"The governor's proposal for ZEV rebates, and any potential market cap, is subject to negotiation with the legislature. Any potential market cap would be intended to foster market competition, innovation and to support new market entrants," his office said.
California does have
real budget problems, which they are trying to pass on to 'businesses' (never consumers, of course). I'm skeptical they can afford to subsidize Chinese/Korean/German etc. EV's this much further, even if Gavin does propose it.
Separately, Chicom-owned Lotus
ditches plans to go all-electric due to 'softening demand.'