Will challenge Trump and Musk's 'gun lying'? California's electric vehicle subsidy program will exclude Tesla.
California plans to provide state subsidies to local electric vehicle buyers if Trump cancels federal government subsidies after taking office next year. However, the subsidies will exclude popular electric vehicle models from Tesla to create market conditions for more auto manufacturers to establish themselves.
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California plans to phase out electric vehicle subsidies next year, Tesla (TSLA.US) may be excluded.
USA California Governor Gavin Newsom announced that if US President Trump, who takes office next year, abolishes the $7,500 federal subsidy for electric cars, California plans to provide subsidies to electric car buyers, but Tesla (TSLA.US) electric cars will not qualify for the subsidy. The Governor's office stated that the new proposal will introduce market share restrictions, meaning that Tesla's popular electric car models will not be eligible for subsidies. This is intended to create better conditions in the market for more car manufacturers to benefit, although the details need to be negotiated with the state legislature.
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US stock market news丨Tesla falls nearly 4%, as California excludes it from the electric vehicle purchase subsidy plan.
On November 26, Glonghui reported that Tesla (TSLA.US) fell nearly 4%, closing at $338.59, with a total market value of $1.09 trillion. California Governor Gavin Newsom announced on Monday that if the usa's president-elect Donald Trump abolishes a federal subsidy after taking office next year, California plans to offer incentives to electric vehicle buyers. Newsom, a well-known Democrat who often criticizes Republican policies, stated in his announcement that a program which California was gradually phasing out in 2023 could be restarted to ease the burden on car buyers, as a substitute for the $7,500 tax credit policy that Trump intends to eliminate. The Governor's office stated.
Express News | On November 25, Tesla's official account in japan posted an update on social media stating that the siasun robot&automation will make an appearance soon.