Elon Musk Discusses Tesla's Future Post EV Tax Credit

The expiration of the $7,500 EV tax credit, a significant government subsidy for Tesla, is expected to reduce EV sales by 16-38%, impacting Tesla's revenue and profitability. While Tesla has benefited from government incentives in the past, the end of this credit, along with the removal of other subsidies like the CAFE credit, poses challenges for the company's growth and stock valuation. Elon Musk has shifted from suggesting Tesla would benefit from the credit's end to criticizing the law for favoring oil and gas industries.