Tesla CEO Elon Musk said Thursday that the Biden administration's tariffs on Chinese electric vehicles were not necessary in order for his company to remain competitive.
Tesla CEO Elon Musk said Thursday he is opposed to government tax incentives for purchasing electric vehicles as well as tariffs against Chinese EVs, or any other goods for that matter. "In general, I'm in favor of no tariffs. I'm also actually in favor of no tax incentives for EVs, but provided that… the tax incentives for oil and gas must also be eliminated," Musk said during a remote appearance at the Viva Technology conference in Paris.
Musk told the audience he was "surprised" when the Biden administration announced new tariffs, which are taxes levied on imported products, on Chinese EVs and other products earlier this month and said his company is already competitive without them. "Neither Tesla nor I asked for these tariffs," the CEO said, adding that "Tesla competes quite well in the market in China, with no tariffs and no differential support.
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