Elon Musk responds to Trump’s promise to end “EV mandate” on Day One
Tesla CEO Elon Musk has responded to former US President Donald Trump’s promise that he would be ending the current Biden administration’s “EV mandate” on Day One. Based on Musk’s reaction, it appears that Tesla welcomes a market without specific EV subsidies.
Electric vehicles have unfortunately become a partisan talking point, and while Tesla is undoubtedly the leader in EVs in the United States, the current Biden administration has mostly ignored the company, likely due in no small part to its non-unionized workforce. Former US President Donald Trump has, unsurprisingly, adopted a generally anti-EV stance, stating during his address at the Republican National Convention that he would end the Biden administration’s “EV mandate” as soon as he takes office.
“I will end the Electric Vehicle Mandate on Day One — thereby saving the US auto industry from complete obliteration and saving US customers thousands of dollars per car,” Trump said.
A surprising number of people think that Tesla survives on subsidies. That is true of our competitors, but not of Tesla.
— Elon Musk (@elonmusk) July 19, 2024
Considering Trump’s rhetoric, it was no surprise that Tesla and electric vehicle owners took to social media to ask Musk about what he thinks of the former president’s plans. Musk seemed unfazed by Trump’s apparent intention to stop supporting electric vehicles, stating that Tesla does not need subsidies to survive. “A surprising number of people think that Tesla survives on subsidies. That is true of our competitors, but not of Tesla,” Musk wrote in a post on X.
The Tesla CEO reiterated his stance this weekend, telling a user on X who asked about the topic that “it will be fine.” While Musk’s comments may attract criticism, he may have a point. Tesla, after all, triggered a phaseout of the $7,500 US EV federal tax credit in July 2018 when the company delivered its 200,000th vehicle. By 2020, Tesla’s vehicles were sold without the $7,500 federal tax credit. Interestingly enough, 2020 was also the first year that Tesla was fully profitable, with the company generating $862 million in net profits during the year.
It will be fine
— Elon Musk (@elonmusk) July 20, 2024
Current US President Joe Biden signed the Inflation Reduction Act (IRA) in August 2022, which returned federal subsidies for qualified Tesla vehicles. At the time, however, Tesla was already profitable, and the Model Y was already being delivered to customers. With this in mind, it does appear that Elon Musk’s sentiments are justifiable, as Tesla was able to thrive even without the company depending on federal tax credits.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
The post Elon Musk responds to Trump’s promise to end “EV mandate” on Day One appeared first on TESLARATI.
Source: https://www.teslarati.com/elon-musk-trump-promise-end-ev-mandate-day-one/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom Nootropic
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,625,741,393 |
| Stories: | 8,213,821 |
Whistler Blowers, Insiders
