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Fortune
Fortune
Amanda Gerut

Elon Musk says a Trump presidency ‘would be devastating’ to Tesla’s competitors

Donald Trump (Credit: Photo by Bill Pugliano/Getty Images)

Tesla CEO Elon Musk is firmly in former President Donald Trump’s corner politically, but what a potential Trump Administration could mean for the electric vehicle maker that pays Musk billions is unclear—even to Musk himself.

During a call with financial analysts on Tuesday, Wells Fargo director Colin Langan asked Musk to explain the impact of a Trump win and the potential wipeout of a federal $7,500 tax credit for electric vehicles.

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