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Trump says he ‘has to be for electric cars’ because of Musk endorsement

Credit: Fox 5 Atlanta | YouTube

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Presidential candidate Donald Trump spoke at a rally in Georgia over the weekend, and while he maintained plans to end U.S. President Joe Biden’s electric vehicle (EV) “mandate,” he also added that he was a supporter of the technology as a result of his endorsement from Tesla CEO Elon Musk.

Trump held a rally in Atlanta, Georgia, on Saturday, during which he noted that he is supportive of EVs due to Musk officially endorsing him for president last month. Trump has gone back and forth on EVs over the last several weeks, and although Biden doesn’t formally have an “EV mandate,” Trump has doubled down on plans to end the mandate on his first day in office, if elected.

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President Joe Biden comes after Elon Musk following Trump endorsement

“She wants to get rid of gas-powered cars and replace them with all electric,” Trump said during the speech, referring to Democratic Presidential nominee Kamala Harris. “They don’t go far, they cost too much, they’re all made in China; other than that they’re fantastic, and I’m for electric cars.”

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“I have to be, you know, because Elon endorsed me very strongly, Elon. So I have no choice,” Trump added.

The presidential candidate also went on to say he thought EVs should be a part of the market, though he emphasized that he thinks switching to only EVs was unwise, partially due to the cost of chargers.

“I’m for a small slice as a slice. You want to have every kind of a car imaginable,” Trump said. “You want to have gas-propelled cars, you want to have hybrids, you want to have every kind of a car imaginable. They want to go all electric, and there’s no way you can ever load them up. They call it loading them, you can’t load them.”

Trump also went on to allude to the amount of money that would need to be spent to install EV chargers in the “middle West,” where he says the country is going to have to spend $9 trillion. He then said that, for just eight chargers, it cost $9 billion, adding that that was a good deal.

The speech touched on several different subjects, and the EV comments came following Trump’s claims that he would “end the $100 trillion green new scam,” lower energy prices, and re-launch several drilling projects. He also detailed plan his apparent plans to build an iron dome over the entire country to protect against World War 3, which he says is “very close to happening.”

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To be sure, the so-called “mandate” Trump was talking about doesn’t exist, though he’s likely referring to emissions standards set by Biden with the Environmental Protection Agency (EPA), requiring U.S. light-duty auto sales to reach a 67-percent market share of overall EVs by 2032, with that ratio required to meet 46 percent for medium-duty vehicles. The target is also aiming for about 50 percent of auto sales to be electric by 2030, in line with a goal Biden had set a few years earlier.

Another program that is thought to hang in the balance if Trump is elected is the $7,500 federal EV tax credit, which Trump and running mate J.D. Vance have vocally opposed in the past. Last year, Vance proposed a bill that would replace the $7,500 credit with one of the same amount for gas vehicles, additionally pointing to U.S. reliance on China for EVs and their materials.

You can watch the full rally below, with Trump’s statements about EVs taking place about 20 minutes in.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Tesla Full Self Driving (FSD) is nearing approval in a new country

As per the official, Tesla’s Full Self-Driving system could be enabled in Israel in the near future.

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Credit: @BLKMDL3/X

It appears that Tesla FSD (Supervised) is heading to a new country soon, at least based on comments from Israel’s Transport and Road Safety Minister Miri Regev.

As per the official, Tesla’s Full Self-Driving system could be enabled in Israel in the near future.

Israeli drivers are pushing for FSD rollout

While Tesla’s FSD is already operational in markets like the U.S., Canada, and Australia, Israeli owners have long been unable to use the feature due to regulatory barriers. Despite its premium price tag, however, numerous Tesla owners in Israel have noted that the technology’s safety benefits, at least when approved for real-world use in the country, justify its cost. 

It was then no surprise that nearly 1,000 Tesla owners in Israel have already petitioned the government to greenlight FSD’s domestic release in Israel. In a post on X, Regev seemed to confirm that FSD is indeed coming to Israel. “I’ve received the many referrals from Tesla drivers in Israel! Tesla drivers? Soon you won’t need to hold the steering wheel,” she wrote in her post.

FSD’s regulatory support in Israel

Regev stated that her Ministry views promoting innovative technologies as essential to improving both road safety and smart mobility. A working group led by Moshe Ben-Zaken, Director General of the Ministry of Transportation has reportedly been tasked to finalize the approval process, coordinating with regulatory and safety agencies to ensure compliance with international standards.

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In a comment to Geektime, Israel’s Ministry of Transportation and Road Safety noted that Regev is indeed supporting the release of FSD in the country. “Minister Regev sees great importance in promoting innovative technologies, and in particular in the entry of advanced driving systems (FSD) into the Israeli market, as part of the ministry’s policy to encourage innovation, safety, and smart transportation,” the Ministry stated.

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Investor's Corner

Bank of America raises Tesla PT to $471, citing Robotaxi and Optimus potential

The firm also kept a Neutral rating on the electric vehicle maker, citing strong progress in autonomy and robotics.

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Credit: Tesla

Bank of America has raised its Tesla (NASDAQ:TSLA) price target by 38% to $471, up from $341 per share.

The firm also kept a Neutral rating on the electric vehicle maker, citing strong progress in autonomy and robotics.

Robotaxi and Optimus momentum

Bank of America analyst Federico Merendi noted that the firm’s price target increase reflects Tesla’s growing potential in its Robotaxi and Optimus programs, among other factors. BofA’s updated valuation is based on a sum-of-the-parts (SOTP) model extending through 2040, which shows the Robotaxi platform accounting for 45% of total value. The model also shows Tesla’s humanoid robot Optimus contributing 19%, and Full Self-Driving (FSD) and the Energy segment adding 17% and 6% respectively.

“Overall, we find that TSLA’s core automotive business represents around 12% of the total value while robotaxi is 45%, FSD is 17%, Energy Generation & Storage is around 6% and Optimus is 19%,” the Bank of America analyst noted.

Still a Neutral rating

Despite recognizing long-term potential in AI-driven verticals, Merendi’s team maintained a Neutral rating, suggesting that much of the optimism is already priced into Tesla’s valuation. 

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“Our PO revision is driven by a lower cost of equity capital, better Robotaxi progress, and a higher valuation for Optimus to account for the potential entrance into international markets,” the analyst stated.

Interestingly enough, Tesla’s core automotive business, which contributes the lion’s share of the company’s operations today, represents just 12% of total value in BofA’s model.

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Tesla Model Y on FSD saves couple after encountering King of edge cases

Experts have noted that if confirmed, this could be the world’s first recorded meteorite collision involving a Tesla.

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Credit: @10NewsAU/YouTube

A South Australian Tesla driver is thanking his Model Y’s Full Self-Driving system after a mysterious object, possibly a meteorite, slammed into his car’s windshield while it had FSD engaged. 

The impact sent hot glass fragments flying through the cabin as the vehicle continued driving without human input through the darkness. Experts have noted that if confirmed, this could be the world’s first recorded meteorite collision involving a Tesla.

The Tesla owner was enjoying a quiet drive home when they hit the king of edge cases

Veterinarian Dr. Andrew Melville-Smith and his wife were traveling north on Augusta Highway on the night of October 19 when a sudden blast struck their newly delivered Model Y. At the time, it was clear, pitch black night, and Dr. Melville-Smith and his wife were just listening to a podcast while FSD was operating the vehicle, as noted in a Yahoo News report. 

Suddenly, something hit the Tesla’s windshield. “Then there was, (what) I can only describe as a very, very violent explosion. The whole inside of the car was literally blasted with glass fragments. It was full of white smoke, and it smelled like the car was on fire,” Dr. Melville-Smith stated. 

The vet stated that he and his wife were stunned for a good 10 seconds, and for a bit, he and his wife thought they had crashed. Images of the crash’s aftermath showed a massive crack on the Tesla’s windshield, which Dr. Melville-Smith noted was hot to the touch. The object that hit the Tesla’s windshield was so hot that part of the vehicle’s windshield was partly melted. 

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FSD kept driving despite the possible meteorite strike

Thankfully, the Tesla was operating with its FSD (Supervised) system engaged at the time. Thus, despite the vehicle being hit by what might be a literal meteorite, and despite Dr. Melville-Smith and his wife being stunned because of the impact, their Tesla just kept driving steadily. 

“I thought we’d had an accident, but then I looked at the screen and went ‘Oh, we’re still driving. We were moving around, so it obviously thought we were paying attention, and it was happy to keep driving to Port Augusta. After we pulled over, we saw the big crater in the windscreen,” the vet said. 

The South Australian Museum is now examining the case, with geologist Dr. Kieran Meaney stating the scorched glass and heat damage do suggest a potential meteorite strike. “The little detail that’s really selling it for me at the moment is that whatever it was that hit the windscreen seems to have been very hot,” Meaney explained. However, the object has yet to be recovered.

Check out a video of the remarkable edge case below.

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