Tesla Inc. (NASDAQ:TSLA) could see significant workforce changes if California Governor Gavin Newsom proceeds with excluding the company from a proposed electric vehicle consumer rebate program, according to Dan Ives, analyst at Wedbush Securities.
What Happened: “You had Jake Paul and Tyson, and now you’ve got Newsom and Musk—this is gonna be battle,” Ives told Bloomberg in an interview. “It’s a political battle, but Tesla is the only EV manufacturer actually made in California.”
