California Decision May Badly Dent Tesla Sales
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California's Governor, Gavin Newsom, announced that the state will offer tax incentives for electric vehicle (EV) sales if the US government decides to drop them. This decision could negatively impact Tesla's sales in California, a key market for the company.
November 26, 2024 | 1:30 pm
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California's potential tax incentives for EVs, contingent on federal policy changes, could negatively impact Tesla's sales in the state, a crucial market for the company.
Tesla relies heavily on California as a key market for its EVs. If the state offers tax incentives only if federal ones are dropped, it could create uncertainty and potentially reduce Tesla's competitive edge in the region.
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