Elon is surely steaming: California’s EV Tax Break Move set to sting Tesla

Douglas McIntyre discusses California’s Governor Gavin Newsom’s plan to maintain a $7,500 EV tax credit if the Trump administration eliminates it. However, Newsom aims to exclude Tesla, which dominates the EV market, in what he claims is an attempt to ensure market fairness. With 30% of U.S. EV sales happening in California, and high gas prices in the state encouraging EV adoption, this decision could significantly affect Tesla’s prospects.