Reported 2 months ago
Elon Musk, CEO of Tesla, may be reassessing the significance of EV tax credits after expressing frustration over potential losses in a Republican budget bill that threatens the existing $7,500 tax credit for electric vehicles. J.D. Power's analysis indicates that Tesla could be particularly affected by the elimination of these credits, which are vital for making EVs affordable to consumers. Musk's initial stance suggested that losing the credits might not harm Tesla as much as it would competitors, but recent developments, including his strong criticism of the GOP bill and the importance of a lower-cost EV, suggest the tax credits play a crucial role in Tesla's business strategy.
Source: YAHOO