TECH - Trump's VP Pick JD Vance Who Elon Musk Hailed As 'Great Choice' Wanted To Take Away $7500 EV Credit: Tesla CEO Says 'It Will Only Help' The Company | Benzinga

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Tuesday voiced against subsidies including a federal EV tax credit of $7,500 for which several of its vehicles are eligible.

What Happened: “Take away the subsidies. It will only help Tesla,” Musk said in response to a Tesla enthusiast who opined that subsidies benefit unprofitable EV makers more than they help Tesla. On the other hand, the EV tax credit is harming the profitability of the industry, the enthusiast said.

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