Newsom shuts out Elon's Tesla from Customer Rebates

‘Insane’: Musk Rips Newsom After California EV Customer Rebate Might Exclude Tesla

"Tesla CEO Elon Musk ripped into California Democratic Gov. Gavin Newsom after Newsom proposed a move that would shut out Tesla from customer rebates offered to other electric car manufacturers.

On Monday, Newsom announced that if President-elect Donald Trump eliminates a federal ZEV tax credit, Newsom would propose creating a new version of California’s Clean Vehicle Rebate Program, which expired in 2023.

Newsom’s “office told Bloomberg News that the current proposal includes market-share limitations that would exclude Tesla’s popular EV models,” Bloomberg News reported, adding that Newsom’s office stated, “It’s about creating the market conditions for more of these car makers to take root.”

“This is a slap in Tesla’s face,” Gene Munster, managing partner of Deepwater Asset Management, commented." 

“Even though Tesla is the only company that manufactures their EVs in California! This is insane,” Musk blasted on X.

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It's Newsom politics at its worst!  😵 This won't help him in 2028.