President Donald Trump has expressed a liking for Tesla Inc., easing tensions with CEO Elon Musk. This comes after Musk regretted his comments on the President, marking a significant shift in their relationship.
What Happened
During a press event at the White House, Trump stated, “You can get any car you want. You can get electric, a lot of people love the electric. They like Tesla. So do I, in all fairness. I like Tesla.” He also mentioned his preference for combustion engines, highlighting the diversity of consumer choices.
“A lot of people love electric. They love Tesla. So do I in all fairness. I like Tesla, and I like others too, but I also like combustion engines. There are reasons for a lot of things.”
Why It Matters
This development follows Trump’s recent hints at a possible reconciliation with Musk. The President mentioned that he has no hard feelings towards Musk, who had expressed regret over his comments. Trump also shared his intention to keep using his Tesla Model S and the Starlink satellite internet service, indicating a cooling of their feud.
However, it’s worth noting that Trump’s comments coincided with his signing of a resolution that overturns California’s EV mandate. This move aims to phase out ICE-powered vehicles by 2035 in favor of EVs and hybrids, marking a significant development in the automotive industry.
Key Points
- Trump expresses liking for Tesla Inc. and its electric vehicles
- Tensions ease with CEO Elon Musk after his regret over comments on the President
- Trump prefers combustion engines but acknowledges the popularity of electric vehicles
- The President signs a resolution overturning California’s EV mandate
Related News
Trump’s stance on the automotive industry continues to evolve, with potential implications for domestic production and trade policies. For more information on the future of mobility and its impact on the market, stay tuned for further updates.