November 15th, 2024

Tesla supports killing $7,500 EV tax credit – going directly against its mission

Tesla supports eliminating the $7,500 EV tax credit, contradicting its mission. CEO Elon Musk's shift in focus raises concerns about U.S. EV sales and suggests a strategic negotiation tactic.

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Tesla supports killing $7,500 EV tax credit – going directly against its mission

Tesla has reportedly expressed support for the Trump administration's plan to eliminate the $7,500 federal tax credit for electric vehicles (EVs), a move that contradicts the company's mission to promote the transition to electric transport. CEO Elon Musk, who has previously advocated for sustainability, has shifted his stance, suggesting that the "woke mind virus" poses a greater threat than climate change. Despite Tesla's past lobbying for the tax credit, Musk believes that removing it would primarily disadvantage other automakers rather than Tesla itself. This change in position comes as the Trump transition team, led by oil billionaire Harold Hamm, is strategizing to repeal the credit as part of broader tax reforms. The potential removal of the tax credit could significantly impact EV sales in the U.S., which is already lagging in adoption compared to other countries. Some speculate that Tesla's support for the repeal may be a negotiating tactic to gain credibility on other issues, such as battery production credits. However, this stance raises concerns about the future of EV sales and the overall progress of the U.S. EV market.

- Tesla supports the elimination of the $7,500 EV tax credit, contradicting its mission.

- Elon Musk has shifted focus from climate change to other societal issues.

- The Trump administration's plan could harm U.S. EV sales and adoption.

- Tesla's support may be a strategic move for future negotiations on other credits.

- The situation reflects a significant change in Tesla's approach to industry competition.

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By @gibbitz - 5 months
I think it would do the industry a service. Foreign EVs are 75% better quality than Teslas in my experience. I would buy a Kia EV that I can open the doors of in the winter that doesn't have parts falling off of it for the same price as my Tesla in a heartbeat. If the company tanks Elon Musk will lose what credibility he has left and I'll never have to hear about him again. Win win for America as I see it.