Long-Time Tesla Bull Rages As Elon Musk Reportedly Backs Trump's Plan To Ax $7.5K EV Credit: 'Insanity'

Prominent Tesla Inc (NASDAQ:TSLA) investor Ross Gerber blasted Tesla’s reported support for eliminating the $7,500 federal electric vehicle tax credit, calling the position “insanity” on social media platform X.

What Happened: The CEO of Gerber Kawasaki Wealth and Investment Management was responding to reports that Tesla is backing the President-elect Donald Trump administration’s plans to end the incentive.

The move appears to contradict Tesla’s stated mission of accelerating the world’s transition to sustainable transport. According to a recent Reuters report, Tesla has indicated support for removing the tax credit despite having previously lobbied for the incentive, which has boosted the company’s U.S. sales in recent years.

The shift in Tesla’s stance comes as CEO Elon Musk, who has endorsed Trump, reportedly believes eliminating the ...

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