Uncategorized

Elon Musk rips Calif. Gov. Gavin Newsom for ‘insane’ move to exclude Tesla from rebate plan

California Gov. Gavin Newsom is rolling out a plan to offer rebates for electric vehicles with the exception of Teslas — a move that was ripped as “political” by critics and “insane” by Tesla CEO Elon Musk.

Newsom on Monday released details of a plan that would extend the now-expired Clean Vehicle Rebate Program if Trump follows through on a pledge to eliminate a federal tax credit for people who buy electric cars.

Trump previously vowed to end federal electric vehicle tax credits, which are worth up to $7,500 for new zero-emission vehicles.

Tesla buyers will not be eligible for a rebate in California under a proposed plan from Gov. Gavin Newsom.via REUTERS

There’s also a $4,000 credit for used ones.

But Trump later softened his stance as Musk became a supporter and adviser.

California’s defunct Clean Vehicle Rebate Program offered rebates on electric cars as high as $2,500.

Newsom’s proposed rebates could exclude Tesla and other automakers in an effort to promote more market competition and innovation, according to the governor’s office. But that is subject to negotiation with the state Legislature.

Musk called Tesla’s possible exclusion “insane” in a post on X. He noted that Tesla is the only company that manufactures its EVs in California.

About 42% of rebates went to people buying or leasing Tesla vehicles under the state’s previous clean vehicle rebate program, according to data from the California Air Resources Board.

Newsom has proposed reviving the defunct Clean Vehicle Rebate Program if President-elect Donald Trump 𝓀𝒾𝓁𝓁s a $7,500 federal EV tax credit.Getty Images

Newsom on Monday called the state Legislature to convene in a special session to help “Trump-proof” state laws by giving the attorney general’s office more funding to fight federal challenges.

Trump criticized Newsom on social media after the governor called for a special session, calling out the high cost of living in California and the state’s homelessness crisis.

Trump said Newsom was “stopping all of the GREAT things that can be done to ‘Make California Great Again.’”

Newsom’s office said the move to exclude Tesla is in order to allow other competitors to “take root.”

“Consumers continue to prove the skeptics wrong — zero-emission vehicles are here to stay,” Newsom said in a statement.

“We’re not turning back on a clean transportation future — we’re going to make it more affordable for people to drive vehicles that don’t pollute.”

Tesla CEO Elon Musk (right), a key adviser to Trump (left), blasted the proposed plan as “insane.”via REUTERS

Dan Ives, senior analyst at Wedbush, said Newsom’s proposal could set off a “Game of Thrones battle” between the Democratic governor and Musk, the world’s richest person.

“This is clearly a political move of Newsom and California towards Musk which now has a front seat to the Trump White House and will be a key player in ultimately getting these federal tax credits wiped away among a myriad of other things on the federal front,” Ives said.

The Wedbush analyst said Newsom’s proposal runs the risk of Musk deciding to move more jobs from Tesla’s Fremont, Calif., plant to its Austin, Texas, Gigafactory.

In 2021, Musk relocated Tesla headquarters from Palo Alto, Calif., to Austin after publicly clashing with state regulators over COVID-era restrictions and lockdowns.

In July, Musk said he would move X and SpaceX out of California and into Texas. The mogul said the “final straw” was a new law signed by Newsom that bans school districts from requiring teachers to notify parents of changes to a 𝘤𝘩𝘪𝘭𝘥’s gender identity.

Related Posts

Three things to assist your 𝘤𝘩𝘪𝘭𝘥 become more talented than others, according to millionaire Elon Musk’s “superhero” mother!

Elon Musk is a genius billionaire , but behind his success are the tireless efforts of Mrs. Maye Musk – a single mother who raised 3 𝘤𝘩𝘪𝘭𝘥ren to become billionaires….

Renters left without heat in freezing cold have three actions they can take against landlords who refuse to help

FRIGID tenants who are shivering through apartment heating issues can force their landlord to help out – as long as they know their rights. Legal experts have urged…

Rory McIlroy lined up to follow Bryson DeChambeau with lucrative $5M deal

Rory McIlroy might be hitting the greens in India as he’s been invited to join a landmark golf event in the country. He has been tipped to follow…

Tiger Woods in the middle of controversy after paid actors were in “attendance” for TGL

This has come as a surprise but some clarity has been provided Tiger Woods during pre game activities at the SoFi Center ahead of TGL.X: @TWlegion As it…

𝗔𝗳𝘁𝗲𝗿 𝗘𝗮𝗿𝘁𝗵 𝟮 (𝟮𝟬𝟮𝟱)

La esperadísima secuela, “After Earth 2”, ha estrenado su primer tráiler, reavivando el entusiasmo entre los fans de la película original. Protagonizada por Will Smith y Jaden Smith,…

𝗘𝗩𝗜𝗟 𝗗𝗘𝗔𝗗 𝟮

En Evil Dead 2: New Chapter, un nuevo grupo de jóvenes aventureros se topa con el infame Necronomicon mientras exploran una cabaña remota en lo profundo del bosque….

Leave a Reply

Your email address will not be published. Required fields are marked *