Tesla CEO Elon Musk is more fervently backing a Republican presidential ticket made up of two candidates deeply skeptical of government subsidies that helped his company and the electric-vehicle industry. Sen. JD Vance, Trump's new running mate, notably has a stance on this issue to the right of even many Republicans. Musk?s response ? both on Tuesday morning and in recent months ? has been to wave away any concerns.
' But Guggenheim's Ron Jewsikow said major changes such as a removal of the Biden-era $7,500 EV tax incentive ? which both Trump and Vance are promising ? would remove a 'key affordability enabler' for Tesla.
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