Gavin Newsom: Regulations in California Allowed Elon Musk to Become the Multi-Billionaire He Is — Now, He’s Ceding the EV Space to China

EXCERPT:

NEWSOM: “One of the great disappointments. One of the great innovators of our time, the genius of our time. It breaks my heart, I was the first — got him one of the first Teslas off the line, I’ve been one of their biggest proponents, supporters. It was regulation in California that created the conditions that allowed him to take the risk to become the multibillionaire, maybe trillionaire that he’s become. But right now he’s allowing — and I think this is Trump, not just Elon Musk — he’s going to allow the greatest own goal in — I think one of the most significant own goals in the next decade is ceding the EV space to China. They have 70% of the global EV market, it’s about statecraft with them, it’s about supply chains. They’re flooding the zone all around the globe, including now right on the border into Canada, where they got 49,000 cars, getting that tariff down there, and it’s a stacked play, it’s a national security play, and I really fear what’s gonna happen to American legacy automobile manufacturers. Elon was the one accelerating that, now he’s put the brakes on his own innovation in that space and now shifted to robotics, humanoids, including a line here in Fremont, his largest manufacturing line.”