EV Tax Credit: Why Elon Musk, Tesla Are Supporting Donald Trump's $7,500 Plan

Tesla, led by Elon Musk, supports Donald Trump’s plan to eliminate Biden's EV tax credit. Musk noted this change would impact Tesla less than its competitors, potentially reducing competition in the EV market. The $7,500 tax credit, part of Biden’s Green New Plan, currently benefits both legacy automakers like GM and newer entrants.