Trump Threatens to Strip Musk of Electric Vehicle Authorization!
"He is worried about losing his electric vehicle authorization, and he may lose much more than that. I can tell you right now, Elon may lose much more than that."
Trump said that he could have the Efficiency Department target Musk: "We may have to let the Efficiency Department take over Elon. Do you know what the Efficiency Department is? It's a monster, and it might go back and eat Elon. That would be terrible, wouldn't it? He has received a lot of subsidies, and Elon is very worried that his electric vehicle authorization will be terminated."
Differing from SpaceX, which receives most of its funding from the government, Tesla has relatively few government contracts, but many federal policies directly affect Tesla's financial situation, including a $7,500 tax credit for electric vehicle buyers. Last year alone, this could be worth billions of dollars for Tesla.
For six years, car manufacturers such as Tesla have also received over $8 billion in regulatory credits to help them comply with federal and state emission standards.
According to JPMorgan data, the loss of the electric vehicle tax credit could cost Tesla $1.2 billion annually, and the loss of regulatory credit sales would add another $2 billion.
Original article: https://www.toutiao.com/article/1836468791574540/
Statement: This article represents the personal views of the author.