Why Tesla, Musk Are Switching Their Positions On EV Tax Credits

(MENAFN- Investor Brand Network) Elon Musk, the CEO of Tesla, once argued that the federal electric vehicle (EV) tax credit of $7,500 should be scrapped. He believed Tesla could succeed without government help and even suggested that all subsidies, including those for oil and gas companies, should be removed.

It remains to be seen how Chinese EV companies like NIO Inc. (NYSE: NIO) will try to benefit from the...

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