California Governor Newsom’s new electric vehicle tax rebate could exclude Tesla

Gavin Newsom, Governor of California says the state will offer electric vehicle (EV) rebates if President-elect Donald Trump’s next administration cuts electric vehicle tax credits at the federal level. Bloomberg Reports than Tesla (TSLA) would be excluded from these rebates, a decision that could be a dig at Tesla CEO Elon Musk, who should be in Trump’s cabinet. Yahoo Finance Automotive Journalist Pras Subramanien joined Julie Hyman And Josh Lipton on market domination to take stock of current events.

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This article was written by Naomi Buchanan.