Elon Musk has staked out a big claim in the auto industry, outer space and, now, in Donald Trump’s new administration. But even some of his allies are beginning to wonder if it is all too much for the world’s richest man.
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Tesla Could Lose Out on New California EV Tax Credits
If the Trump administration moves forward with plans to end federal EV tax credits California Gov. Gavin Newsom plans to activate state rebates to help maintain the state’s role as the biggest market for battery-electric vehicles. But there’s a catch: the governor plans to initiate a market cap that would likely exclude the state’s best-selling EV brand: Tesla.
Tesla Strikes a Delicate Balance Between U.S., China – and Trump
With its EV sales in Europe and the U.S. slowing, Tesla has become more dependent on sales in China. But the competition is fierce, and trade tensions could hamper Elon Musk’s ambitious future. Musk’s central role in the incoming Trump administration further complicates matters.
Politics Becoming Less of a Factor in Who Buys – or Rejects EVs
Among all the divisive issues that the 2024 presidential race has brought to the fore you can add battery-electric vehicles. Studies have shown a clear divide between Democrats and Republicans when it comes to EVs – but a new study suggests that, going forward, who you vote for might have less of an influence on whether you go electric in the future.
As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures
It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.
Trump May End EV Tax Credits Even While Considering A White House Role for Tesla’ Musk
The $7,500 federal tax credit for buyers of battery-electric vehicles could be dropped if Donald Trump returns to the White House next January, the presidential candidate said in an interview. At the same time, Trump said he’s open to finding a role for Tesla CEO Elon Musk, possibly even making him a member of his cabinet.
Musk Uses Live Conversation With Trump to Pitch EVs to Candidate’s Skeptical Followers
It was billed as an “interview” with presidential candidate Donald Trump but billionaire entrepreneur Elon Musk used the Monday night event on social media service X to promote the benefits of EVs – those from Tesla, in particular. It’s no easy sell, at least to the former president’s followers.
Quid Pro Quo? Musk Money in Hand, Trump is Now an EV Fan
Donald Trump has pulled a U-turn and now says he is now “totally” in favor of EVs. The Republican nominee for president said he had “no choice” but to rethink his position after previously bashing battery-electric vehicles now that Tesla CEO Elon Musk has become one of Trump’s biggest financial backers in an increasingly tough campaign.