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（納斯達克股票代碼：TSLA）股價週一收低。報告顯示，根據加州一項新的消費者折扣提案，特斯拉汽車將沒有資格獲得折扣。
發生了什麼：據彭博社報道，加利福尼亞州州長加文·紐瑟姆週一概述了新計劃，如果當選總統唐納德·特朗普在明年初返回白宮時取消目前聯邦政府對電動汽車購買者的7,500美元稅收減免，將爲加州的電動汽車購買者提供激勵措施。
據報道，紐瑟姆的團隊告訴彭博社，新提案包括 「市場份額限制」，將特斯拉的電動汽車車型排除在稅收抵免資格之外。
據報道，州長辦公室說：「這是爲了創造市場條件，讓更多的汽車製造商走上正軌。」
特斯拉首席執行官埃隆·馬斯克和紐瑟姆有一種 「緊張」 的關係，其歷史可以追溯到馬斯克決定將特斯拉總部遷出加利福尼亞之前。在 COVID-19 疫情期間，馬斯克推遲了關閉公司工廠的州令，稱其爲 「法西斯主義者」。據報道，紐瑟姆說，特斯拉的成功在一定程度上要歸功於加利福尼亞州。
該消息是在本月早些時候的報道之後發佈的，該報道表明，作爲更廣泛的稅收改革計劃的一部分，特朗普的團隊計劃取消7,500美元的購車電動汽車稅收抵免。
據報道，馬斯克告訴特朗普的團隊，他支持終止電動汽車稅收抵免。特斯拉首席執行官今年早些時候表示，取消電動汽車稅收抵免可能會對特斯拉的銷售產生輕微影響，但對於特斯拉在美國的競爭對手來說，情況要糟糕得多。分析師似乎同意。
Wedbush分析師丹·艾夫斯在消息傳出後的一份報告中表示，削減實際上對特斯拉來說是淨利好的。這位Wedbush分析師承認，取消稅收抵免可能會壓制需求，但他認爲這實際上將推動特斯拉進一步領先於競爭對手。
「我們預計，隨着這些電動汽車的討論在特朗普過渡團隊內部進行，馬斯克將在談判桌上佔據重要席位。我們認爲，這些報告對特斯拉的任何拋售都是錯誤的下意識反應，我們將成爲買家。」 艾夫斯在特斯拉最近的一份報告中說。
瑞銀分析師約瑟夫·斯帕克週一維持特斯拉的賣出評級，並將目標股價從197美元上調至226美元。
TSLA價格走勢：特斯拉股價在過去一個月中上漲了約31％。根據Benzinga Pro的數據，截至週一發佈時，電動汽車股價下跌3.96％，至338.59美元。
