Economy Newsom may exclude Tesla from tax credits

[nostradumbass]

It's an absolutely perfect democrat policy. Originally claimed to be about "protecting the environment", but doesn't do that because it excludes the most popular EV in the country and the only one produced his state, so it doesn't help the environment, doesn't help the state of California or his constituents, and instead is just using taxpayers' money for his personal grievances.

I don't know if I could come up with anything that better encapsulates the democrat party. It's even better than him hiking the MW only for fast food, and then tried to smuggle in "except places that bake bread" because his buddy owned a bunch of Paneras, and lockdowns and business closures that were supposed to "stop covid" that exempted all of his and his friends' businesses.

Also shows dems never did actually give a fuck about the sun monster, and their climate cult was only ever about stopping a free market and political favors.

 

[TardStrong]

Newsom is having trouble with the budget. He won't offer the rebate to Tesla because Ca can't afford it as their sales would eat up the most money. He can still Virtue signal with the EV tax credit without Tesla

 

[cottagecheesefan]

What better way to continue to isolate the left and show they are nothing but vindictive hypocrites who will weaponized government

 

[ShadowRun]

I believed a few years ago he ban travel to certain stats for state officials because of bathroom bills and other stuff.

 

[jefferz]

No, you are completely way out beyond the right field bleachers on this one. That makes absolutely zero sense. The point of the subsidies is an incentive to push people to purchase EV's over ICE vehicles. Did you even read what you posted?

How in the bloody hell do you even start to defend that the government giving Bubba's garage free money is going to grow the EV market in any way much less more than using that money to reduce the cost for people to purchase the Tesla that they actually want from the company that created the market and continues to invest in building the infrastructure to charge them while also advancing solar panel and battery technologies?

Why would I want to give Bubbas garage money?
Because that’s how Tesla got its start as well.

Tesla wouldn't be anywhere near the company it is today if the bad black hadn’t created the grant program that helped them get off the ground.
Now that Tesla is established, they don't need the subsidies anymore.

 

[ocfightfan]

Gavin Newsom doesn't like jobs in California. He should focus on the well being and success of Californians, not his personal or political beefs. He is the scum of the earth.

 

[Cajun]

If Elon wanted his customers to receive a tax credit, he shouldn't have supported the admin that plans to cut it

But IF your goal is environmental then doesn't make sense and if political retribution is an acceptable thing we are lost. Govt punishing peeps for their support of a candidate sounds like what they were saying Trump would do...

 

[Rob Battisti]

But why do Tesla sales need a state tax credit when the company is valued at such an obscene amount compared to the entire rest of the US automotive industry combined?

It’s not about that. You can’t just single a company out. This is political targeting and won’t be held up under legal review.

Tesla doesn’t need the credit and Elon has said as much. You can’t have EV credits and not include one company because of political reasons.

You also can’t go 4 years saying lawfare isn’t real and then support this.

 

[Cajun]

That's why I said if. If you're gonna to do subsidies, you don't subsidize the marker leader, you subsidize competitors so prices have a reason to go down.

If the goal is to put the most ecars in peeps hands then not sure that practice is good. Elon opened all the tesla patents 2 years after releasing the first model so that everyone could use the technology and all these automakers could catch up/improve in order to get us to more ecars. To me, he went above and beyond what he had to do. This seems govt punishing on the support given on the heels of the election.

 

[Rob Battisti]

Elon has basically told the Democrats to eat a bag of dicks, for that and many other reasons I've no remorse. Fuck 'em. The Republicans get dirty all the time.

Once again, this is an illegal practice and won’t hold up. Companies can’t be targeted in this way.

You also can’t say for the last 4 years lawfare hasn’t happened and then support this.

 

[Fox by the Sea]

vindictive fuckers, aren't they?

 

[Cajun]

I agree. We should be aggressively pushing for better public infrastructure. I wonder what happened with California's proposed high speed rail

Not sure there is budget for that.

 

[badascan]

Heck of a leader! California is really doing well...

 

[nostradumbass]

If Elon wanted his customers to receive a tax credit, he shouldn't have supported the admin that plans to cut it

"He should have supported blatant corruption and voted for politicians who exist to funnel taxpayer money to their corporate donors". More sig worthy brilliance from you.

 

[UberHere]

Gavin Newsom sparks anger with proposed Tesla move: "Insane"

Donald Trump is reportedly planning to scrap a $7,500 federal consumer tax credit for electric vehicles.

www.newsweek.com

I'm including Kyle's video for his take and cuz I think it's amusing but the article gives you all the info you need.



Edit: The article incorrectly states that Ro Khanna is a Republican. He is a Democrat.

According to Reuters, President-elect Donald Trump's incoming administration plans to scrap a $7,500 consumer tax credit for electric vehicles introduced by President Joe Biden's administration as part of its Inflation Reduction Act.

On Monday, Newsom announced that if the federal subsidy is eliminated, he will revive California's Clean Vehicle Rebate Project, which provided its own tax credits for electric vehicles before being phased out in 2023.

Big mad Elon Musk:



[...]

Speaking to Newsweek a spokesperson for Newsom said there would be negotiations with the state legislature about any market cap, which could see Tesla excluded.

In his announcement, Newsom said: "We will intervene if the Trump administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California. We're not turning back on a clean transportation future—we're going to make it more affordable for people to drive vehicles that don't pollute."

[...]

DogeDesigner, a popular cryptocurrency-focused account with 1 million followers on X, said: "This is pure lawfare against Elon Musk. It's time to revoke Gavin Newsom as governor."

Other social media users supported Newsom's reported move to exclude Tesla.

On Bluesky, Tim Fullerton, who worked in the Interior Department during President Barack Obama's administration, wrote: "Gavin Newsom has proposed a state electric vehicle tax credit. The hilarious thing? It excludes Tesla." After three laughing emoji, he added, "More Dems need to fight like this."

In July, Musk, a prominent Trump supporter whom the president-elect selected to co-lead the newly created Department of Government Efficiency, said he supported the removal of federal electric vehicle subsidies.

On X, Musk wrote: "Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!"

Musk also said the elimination of tax credits would be only slightly bad for his company and in the long term "probably actually helps Tesla."



I don't like Newsom but fucking LOL. Good, fuck 'em. Actions have consequences. Get dirty guuurrrrl.

“Get dirty guuurrrrl. ”
lol at you typing that.
Sounds like you hang around too many preteen girls

 

[deviake]

Buncha crybullies. If a Republican did this it'd be based

 

[Scerpi]

Does it involve people who are not obscenely rich getting government money?

So you are a butthurt bitch about Elon?

Why are they offering subsidies? To fight climate issues by going away from gas?

Who was the market leader in creating the EV market?

Tesla

And it’s not even close

You fucktards should be worshiping Elon, but you bitter bitches cry because you don’t like he left the Democrat party.

You sound like scorned old woman who now live with 27 cats

California is run by complete dipshits who have driven multitudes of people and businesses from the state

And You’re licking Newsom’s balls? Really??

Get some self respect already

 

[deviake]

It's an absolutely perfect democrat policy. Originally claimed to be about "protecting the environment", but doesn't do that because it excludes the most popular EV in the country and the only one produced his state, so it doesn't help the environment, doesn't help the state of California or his constituents, and instead is just using taxpayers' money for his personal grievances.

I don't know if I could come up with anything that better encapsulates the democrat party. It's even better than him hiking the MW only for fast food, and then tried to smuggle in "except places that bake bread" because his buddy owned a bunch of Paneras, and lockdowns and business closures that were supposed to "stop covid" that exempted all of his and his friends' businesses.

Also shows dems never did actually give a fuck about the sun monster, and their climate cult was only ever about stopping a free market and political favors.

You don't have to convince me that Newsom sucks, he absolutely does and I don't think the Democrats give enough shits about climate change frankly, though they pretend they do. But this is funny shit. Elon has been the recipient of A LOT of welfare

 

[Islam Imamate]

The entire point is to have the most people driving e cars for the environment. Ridiculous stuff imo

Is that the entire point? We have an EV tax credit now and its only for American made cars, if the whole point is to get as many people into EVs then why restrict the credit to only American made vehicles when foreign ones might be cheaper or better and would allow mass adoption quicker?

The reason is because of politics, it looks bad to subsidize the purchase of foreign cars despite the fact that it would help achieve the stated goal of mass EV adoption. What Newsome is doing seems a bit more vindictive than standard populist politics though.

Buncha crybullies. If a Republican did this it'd be based

Sure but if a Republican did this wouldn't you think it was bad? And if so isn't it also bad in this case?

 

[deviake]

Is that the entire point? We have an EV tax credit now and its only for American made cars, if the whole point is to get as many people into EVs then why restrict the credit to only American made vehicles when foreign ones might be cheaper or better and would allow mass adoption quicker?

The reason is because of politics, it looks bad to subsidize the purchase of foreign cars despite the fact that it would help achieve the stated goal of mass EV adoption. What Newsome is doing seems a bit more vindictive than standard populist politics though.

Sure but if a Republican did this wouldn't you think it was bad? And if so isn't it also bad in this case?

On one hand yes, definitely, though I wouldn't be surprised. On the other hand, if that billionaire had been highly antagonistic and talked about how they don't want subsidies for anyone after receiving a yuge amount of government assistance from Republicans, eh, dunno that I'd feel too bad for 'em if they bit the hand that fed them. Like change Elon to Bill Gates or George Soros and I don't know that I'd bat an eye.