Former Tesla executive says Harris, not Trump, is “far better” for the electric car giant’s long-term success

Former Tesla executive says Harris, not Trump, is “far better” for the electric car giant’s long-term success

Former Tesla executive says Harris, not Trump, is “far better” for the electric car giant’s long-term success

Former Tesla executive says Harris, not Trump, is “far better” for the electric car giant’s long-term success

Former Tesla Inc (NASDAQ:TSLA) Executive Rohan Patel said on Tuesday that Kamala Harris The election for US president in the upcoming elections will be better for the long-term success of the EV giant, despite the company’s CEO Elon Musk supports the former president and Republican presidential candidate Donald Trump.

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What happened: Patel wrote in a post on X that Harris would be “far better” for Tesla’s core electric vehicle and storage business. But it’s much harder to determine who is better in the vehicle autonomy space, Patel said, noting that neither party is “particularly good” at their approach to autonomous vehicles (AV).

“…Normally, I would trust reasonable (non-Trump) Republicans a little more not to take a hardline AV approach. Unfortunately, Trump is such a nutcase and doesn’t usually appoint the best people, so I would probably still trust Kamala more, even on the issues where I would generally prefer a Republican,” Patel wrote.

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The former executive also claimed that the Republican presidential candidate wants to slow the rise of sustainable energy and transportation systems.

Patel was Tesla’s vice president of global public policy and business development until April of this year.

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Patel’s opinion on the relationship between the Democratic Party and Tesla: Earlier this month, Patel said the Inflation Reduction Act (IRA) passed by the Democratic Party had “disproportionately” benefited the electric car giant.

The law disproportionately favors Tesla over established automakers because the company is involved in the development and manufacture of solar panels, chargers, stationary storage, batteries, and lithium refining, among other activities encouraged by the law. He noted that established automakers are not involved in many of these activities.

Patel has also previously rejected claims that Democrats hate Tesla.

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“Even after the harshest tweets (from Tesla CEO Elon Musk) against Newsom or Biden or any other Democrat, their teams and administrations have not excluded me or my team and have worked with us professionally for the common good,” Patel said.

Governor of California Gavin Newsom and his team had “done their best” to help the electric car giant despite Musk’s criticism, he added.

Last month, Patel also said the Biden administration had treated the electric car giant fairly on certain issues despite a “superficial disappointment” between the president and Musk.

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“No doubt Biden is very biased against unions and appoints pro-union people to the NLRB, which makes organizing easier. But it hasn’t often led to substantive issues, but has been more of a PR stunt and a superficial disappointment,” Patel wrote on X, adding that this was just his personal opinion.

Tesla CEO is on Trump’s side: Musk officially endorsed Trump in July after he was shot at a rally in Pennsylvania. The former president is seeking to eliminate subsidies for electric vehicles.

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However, Musk said during the company’s quarterly earnings in late July that the impact of cutting subsidies would be small for Tesla but devastating for its competitors. Cutting subsidies for electric cars would likely help Tesla in the long run, he added.

Earlier this month, Musk also conducted an interview with Trump on his social media platform X, in which the two discussed, among other things, the formation of a “Government Efficiency Commission” to prevent the accumulation of laws and regulations. Musk has expressed his willingness to be part of the commission.

In an interview with Reuters this week, Trump also expressed his willingness to appoint the billionaire to a cabinet or advisory role should he recapture the White House.

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This article Former Tesla executive says Harris, not Trump, is ‘far better’ for electric car giant’s long-term success originally appeared on Benzinga.com

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