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.
Take away the subsidies. It will only help Tesla. — Elon Musk ...
Also, remove subsidies from all industries!