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Elon Musk Podcast
Elon Musk Blasts Biden's EV Tariffs, Advocates for Free Market Competition
May 24, 2024
Elon Musk opposes Biden's EV tariffs, pushing for free market in the industry. Speculation on Tesla's $25,000 car and Musk's divided attention. Warning of Chinese dominance without trade barriers in the global market.
07:15
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Quick takeaways
- Elon Musk opposes Biden's EV tariffs, promotes open market competition.
- Despite challenges, Tesla CEO Musk advocates against tariffs, emphasizes free market principles.
Deep dives
Impact of Biden Administration's Tariffs on Chinese EVs
The Biden administration announced a 100% tariff on Chinese-made electric vehicle imports to the US. This decision was aimed at curbing the influx of inexpensive Chinese EVs into the US market, which were powered by Chinese government subsidies. Musk expressed surprise at the tariffs and highlighted Tesla's ability to compete effectively in China without the need for tariffs or special support. Despite facing challenges like weakened consumer demand, Tesla reported its steepest revenue decline since 2012, with Musk advocating against tariffs and tax incentives for electric vehicles.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode