"It's a baffling argument to make. The U.S. auto industry and related companies like battery manufacturers are investing some $300 billion into EV production aimed at giving America the tools to compete with a rising China, which also heavily subsidized that transition."
"Musk has been saying this for a while; on his social media platform X in recent months, he called for an 'end [to] all government subsidies, including those for EVs, oil and gas.'"
"On a July earnings call, he said ending the credit would be 'devastating for our competitors' but 'long term probably actually helps Tesla.'"
"Unless you have complete and total blind faith that his five-dimensional chess game will prevail in the end, this is not good news for Tesla, and its ostensible CEO may want to look at his own balance sheet before he pushes for this."
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