Tesla Inc (NASDAQ:TSLA) shares closed lower on Monday. Reports indicate Tesla vehicles would not be eligible for rebates under a new California consumer rebates proposal.
What Happened: According to a Bloomberg report, California Governor Gavin Newsom outlined new plans on Monday to offer incentives for EV buyers in California if President-elect Donald Trump gets rid of the current federal $7,500 tax break for EV buyers when he returns to the White House early next year.
Newsom's team reportedly told Bloomberg that the new proposal includes "market-share limitations" that would exclude Tesla's EV models from tax credit eligibility.
"It's about creating the market conditions for more of these car makers to take route," the governor's office reportedly said.
Tesla CEO Elon Musk and Newsom have a "tense" relationship dating back to before Musk decided to move Tesla's headquarters out of California. Musk pushed back against state orders to close the company's factory during the COVID-19 pandemic, calling them "fascist." Newsom reportedly said Tesla owed some of its success to California.
The news follows reports from earlier this month indicating that Trump's team plans to kill the $7,500 EV tax credit on vehicle purchases as part of a broader tax-reform plan.
Musk reportedly told Trump's team that he supports putting an end to the EV tax credit. The Tesla CEO said earlier this year that removing the EV tax credit could have a slight impact on Tesla sales, but would be far worse for Tesla's U.S.-based competitors. Analysts seem to agree.
Wedbush analyst Dan Ives said in a note following the news that the cuts are actually net positive for Tesla. The Wedbush analyst acknowledged that getting rid of the tax credit could weigh on demand, but he believes it will actually propel Tesla further ahead of competitors.
"We expect Musk to have a big seat at the table as these EV discussions happen within the Trump transition team. We believe any sell-off in Tesla from these reports is the wrong knee-jerk reaction and we would be buyers," Ives said in a recent Tesla note.
UBS analyst Joseph Spak maintained Tesla with a Sell rating on Monday and raised the price target from $197 to $226.
TSLA Price Action: Tesla shares are up approximately 31% over the past month. The EV stock was down 3.96% at $338.59 at the time of publication Monday, per Benzinga Pro.
特斯拉公司（纳斯达克股票代码：TSLA）股价周一收低。报告显示，根据加州一项新的消费者折扣提案，特斯拉汽车将没有资格获得折扣。
发生了什么：据彭博社报道，加利福尼亚州州长加文·纽瑟姆周一概述了新计划，如果当选总统唐纳德·特朗普在明年初返回白宫时取消目前联邦政府对电动汽车购买者的7,500美元税收减免，将为加州的电动汽车购买者提供激励措施。
据报道，纽瑟姆的团队告诉彭博社，新提案包括 “市场份额限制”，将特斯拉的电动汽车车型排除在税收抵免资格之外。
据报道，州长办公室说：“这是为了创造市场条件，让更多的汽车制造商走上正轨。”
特斯拉首席执行官埃隆·马斯克和纽瑟姆有一种 “紧张” 的关系，其历史可以追溯到马斯克决定将特斯拉总部迁出加利福尼亚之前。在 COVID-19 疫情期间，马斯克推迟了关闭公司工厂的州令，称其为 “法西斯主义者”。据报道，纽瑟姆说，特斯拉的成功在一定程度上要归功于加利福尼亚州。
该消息是在本月早些时候的报道之后发布的，该报道表明，作为更广泛的税收改革计划的一部分，特朗普的团队计划取消7,500美元的购车电动汽车税收抵免。
据报道，马斯克告诉特朗普的团队，他支持终止电动汽车税收抵免。特斯拉首席执行官今年早些时候表示，取消电动汽车税收抵免可能会对特斯拉的销售产生轻微影响，但对于特斯拉在美国的竞争对手来说，情况要糟糕得多。分析师似乎同意。
Wedbush分析师丹·艾夫斯在消息传出后的一份报告中表示，削减实际上对特斯拉来说是净利好的。这位Wedbush分析师承认，取消税收抵免可能会压制需求，但他认为这实际上将推动特斯拉进一步领先于竞争对手。
“我们预计，随着这些电动汽车的讨论在特朗普过渡团队内部进行，马斯克将在谈判桌上占据重要席位。我们认为，这些报告对特斯拉的任何抛售都是错误的下意识反应，我们将成为买家。” 艾夫斯在特斯拉最近的一份报告中说。
瑞银分析师约瑟夫·斯帕克周一维持特斯拉的卖出评级，并将目标股价从197美元上调至226美元。
TSLA价格走势：特斯拉股价在过去一个月中上涨了约31％。根据Benzinga Pro的数据，截至周一发布时，电动汽车股价下跌3.96％，至338.59美元。
