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

Angelina Jolie’s bizarre reaction when asked if she’s worried about son Maddox flying planes

Angelina Jolie had a surprising answer for a reporter who asked if she feels ‘nervous’ about her son Maddox flying a plane. The 49-year-old critically acclaimed actress answered, ‘No,’ in her…

There Won’t Be Money For Social Security’: Elon Musk Tells Joe Rogan About Looming Bankruptcy And $1.1 Trillion Interest

Elon Musk doesn’t shy away from big ideas or bold predictions, but his latest warning is a wake-up call for America. During a recent appearance on The Joe Rogan Experience,…

Tiger Woods’ ex-coach sends brutal wake-up call to Justin Thomas amid Scottie Scheffler target

Tiger Woods’ former ally Hank Haney has warned Justin Thomas about opting not to team up with a coach in 2025, highlighting his recent issues with the putter. Thomas has failed…

Rory McIlroy Credits TGL for Reshaping ‘21st Century Golf’ After Berating Greg Norman & Co for the Same Vision

LIV was launched three years ago, and it was the first time the PGA Tour had a rival league for the first time. Several stars like Phil Mickelson, Bryson DeChambeau,…

Anne Hathaway showcases her 𝑏𝑎𝑏𝑦 bump in chic magenta dress as she attends Broadway opening of Sea Wall/A Life with Adam Shulman

Anne Hathaway was one chic mother-to-be as she attended the opening night of Sea Wall / A Life in New York City on Thursday. The Princess Diaries star, 36, donned a…

Anne Hathaway oozes maternity glamour as she leads the stars in elegant cream top with white trousers at Modern Love premiere

She announced she is pregnant via Instagram in July. And Anne Hathaway showed the proof on the red carpet for the NYC premiere of Modern Love on Thursday in a cream-colored top…

Leave a Reply

Your email address will not be published.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