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Here's how Tesla's Elon Musk explains his support for an anti-EV presidential ticket

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Tesla CEO Elon Musk is fervently backing (and apparently bankrolling) a Republican presidential ticket deeply skeptical of government EV subsidies, despite the fact his company has received billions in government support. Donald Trump disparages electric vehicles at every campaign stop.

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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