The auto industry just had a “soap opera moment” with California Governor Gavin Newsom riding in to save EV purchase tax credits.

Tesla's electric vehicles likely would not qualify for California's new state tax credits under a proposal in the works if President-elect Donald Trump scraps the federal tax credit for EV purchases,

California Gov. Gavin Newsom said he'll restart a rebate program if Trump ends the federal EV tax credit, but Tesla models could be excluded.