Get the latest tech news
Half of Teslas Q2 Profit Came from Your Taxes
Without EV credits, Elon Musk's Tesla would be in much worse shape
The Democrat’s administration championed a 2022 law that tied consumer tax credits for buying EVs to industry efforts to bolster the U.S. supply chain for them. Musk was apparently directly asked if the elimination of federal EV subsidies would hurt Tesla’s profitability during the automaker’s Q2 call. “Some of what’s happening here is the other manufacturers are kind of like waiting to see how their EV sales do before buying any credits from Tesla,” Musk said in 2019.
Or read this on Hacker News
