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California's ban of gas-powered cars by 2035 looks great for Tesla, but could distract the young automaker from its best chance to grow

28 days ago   |   By Business Insider

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When California Gov. Gavin Newsom announced last week that the state would ban new sales of internal-combustion engines after 2035 , the obvious and immediate reaction was, "This has to be great news for Tesla!"
And it is great news for America's dominant electric-vehicle manufacturer, which currently makes almost all its cars in the Golden State. Prior to the coronavirus pandemic, Tesla was on track to sell nearly 50,000 vehicles in California through the second quarter. A combination of heavily taxed gasoline and perks for zero-emission vehicles has given Left...
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