Musk vs. Newsom Is a Political Battle, Ives Says

The video discusses a proposal to offer EV rebates in California if federal subsidies are repealed. Dan Ives from Wedbush highlights the political risks, especially for Tesla, as the majority of EVs sold in California are Teslas. The discussion also covers the political dynamics between Governor Newsom and Elon Musk, and the potential impact on jobs and federal tax changes. California's efforts to counteract the removal of federal tax benefits are also explored.

What was the relationship between Musk and the Biden administration as described in the text?

What are the main reasons behind California's actions regarding EV subsidies as discussed in the text?