Gavin Newsom: “Tesla would not exist without California's regulatory…”

“… did even a few months ago, certainly six months ago, before the beginning of the war. But we just want to continue to maintain a regulatory environment that encourages investment. Tesla would not exist without California's regulatory environment. period, full stop. One company would not exist certainly as we know it. It was because of the certainty of a regulatory environment that created the incentives for investors.” (25:20–25:25)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.