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Transcripts for CNN Fareed Zakaria GPS 20211212 15:03:00

of all subsidies. some of this might be sour grapz. tesla outgrew the federal government s tax credit on electronic vehicles a long time ago. the federal government provides a $7,500 tax credit for electronic vehicles but they expire once the manufacturer has sold 200,000 of them, a mark tesla crossed in 2018. in addition, the biden bill adds $4,500 more in credits per car if the manufacturer uses unionized labor and tesla does not. as for charging stations, one of tesla s key advantages is it already owns and operates thousands of them. federal subsidies in the infrastructure bill that recently passed would simply erode that advantage by building new ones for all electric cars. it is bizarre and ironic that elon musk should be the tech billionaire who solves president biden s spending. three of musk s endeavor, tesla,

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