California Governor Gavin Newsom 'Bent Over Backwards' To Help Tesla, Says Former Executive: 'If One Finds Elon's Political Stances Disturbing, That Does Not Mean That Someone Hates Tesla...'
Portfolio Pulse from Anan Ashraf
Former Tesla executive Rohan Patel praised California Governor Gavin Newsom for his support of Tesla despite CEO Elon Musk's criticisms. Patel emphasized that political disagreements with Musk do not equate to opposition to Tesla. Newsom's recent praise for Rivian highlights increased competition in the EV market, with Tesla's new registrations in California falling by 17% in the first half of 2024, while Rivian's rose by nearly 77%. Despite this, Tesla's Model Y remains the best-selling EV in the state.
August 08, 2024 | 6:19 am
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Former Tesla executive Rohan Patel praised California Governor Gavin Newsom for his support of Tesla despite CEO Elon Musk's criticisms. Newsom's recent praise for Rivian highlights increased competition in the EV market, with Tesla's new registrations in California falling by 17% in the first half of 2024, while Rivian's rose by nearly 77%. Despite this, Tesla's Model Y remains the best-selling EV in the state.
The news highlights increased competition in the EV market, with Tesla's new registrations in California falling by 17% in the first half of 2024, while Rivian's rose by nearly 77%. This could negatively impact Tesla's stock in the short term. However, the Model Y remains the best-selling EV in the state, which may mitigate some of the negative impact.
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