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So is Elon Musk now working to put an end to electric cars? What’s his angle here?
Basically, Tesla has a bunch of private chargers, and having a public charging network makes it easier for competitors
It hurts itself in its confusion!
Musk sold around half of his shares in 2024. That’s when he actually makes his money, and this year is when he would have had to pay taxes on it. Musk may already realize his Tesla business is over, he’s just focusing more on cashing out and having that money be worth more now.
However, like the article says, he’s still getting a sweet deal out of this as states will continue to receive “reimbursement of existing obligations” and Tesla was their key recipient. It will affect his competitors more than it does him, and he will be in government when or if a new deal has to be made. It affects the competitors specially because they would be the ones the states that did not immediately accept Tesla’s offer would have been considering. Now, they no longer have those funds to offer while the deals with Tesla that would have gone through because they were the first offers will still get reimbursed.
Might as well squander any potential leads we may have had on the next generation of technology because everyone knows only next quarter matters.
/s for the fucking smooth brains reading this