Tesla isn't just competing against other electric vehicles, it is competing against all vehicles. Cancelling this credit is a huge problem for Tesla. Now that Trump is President, he doesn't need Elon anymore.

It is increasingly looking like Elon may have backed the wrong horse.

It would be pretty funny if Eloon gets thrown under the bus because of this. Talk about getting hoist on your own petard.

It doesn't make sense, unless Trump has promised Elon some kind of other credit to offset this one.

And that'll be on top of the significant tariffs that were recently implemented on Chinese EV's, batteries, ect al.

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2024/september/ustr-finalizes-action-china-tariffs-following-statutory-four-year-review

Or at least upper middle class. My family took advantage of two credits totaling $15k. EV's aren't cheap and the people purchasing them that can take advantage of the tax credit are doing fine financially. I always saw this as a tax cut for the wealthy so I won't shed a tear that they are finally doing away with them.

Now the used EV credit helps the middle class far more then the $7500 credit. Depreciated value plus another $4k off of that.

gas cars? asking for a friend.

Many of his vehicles don't qualify for the credit anyway. he used subsidies to his benefit to build his company and now wants them canceled because it will hurt the competition more than Tesla.