Excluding Tesla from the proposed rebates aligns with Governor Newsom's initiative to boost other car manufacturers in California and fosters competitive market conditions.
Musk criticized Newsom's proposal as 'insane,' pointing out that Tesla is the only automaker that manufactures its EVs in California and highlighting the irony of such exclusion.
The proposal's market-share limitations that could exclude Tesla are set to be negotiated, raising questions on how this will affect the overall EV landscape in California.
Gene Munster described Newsom's move as 'a slap in Tesla's face,' indicating the potential impact on Tesla's competitive edge as EV adoption shifts.
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