Former Tesla Exec Says Biden Administration's Treatment Of EV Giant Was 'Pretty Fair' Despite Musk's Allegations That It Would Rather The Company 'Be Dead Than Not Unionized'
Portfolio Pulse from Anan Ashraf
Former Tesla executive Rohan Patel stated that the Biden administration treated Tesla fairly on substantive issues, despite surface-level disappointments between President Biden and CEO Elon Musk. The administration included Tesla in the $7500 consumer incentive, allowed the deployment of Tesla’s driver assistance systems, and enacted incentives that benefited Tesla's Megapack deployments and battery manufacturing. Musk, however, has criticized Biden for being pro-union and has expressed concerns about potential tariffs if Trump is re-elected.
July 30, 2024 | 9:53 am
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The Biden administration's policies have been beneficial for Tesla, including consumer incentives, support for driver assistance systems, and manufacturing incentives. Despite Musk's criticisms, these policies have positively impacted Tesla's operations.
The inclusion of Tesla in the $7500 consumer incentive, support for driver assistance systems, and manufacturing incentives for battery cells and materials are all positive developments for Tesla. These policies help reduce costs and support growth, which is beneficial for the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100