Gavin Newsom: “There's no Tesla without California's regulatory model…”

“And California, as a consequence, has led the nation in these efforts, reducing costs, creating innovation opportunities. You think I'm exaggerating innovation? There's no Tesla without California's regulatory model, period. Full stop. It was because of those rules and regulations. So this is as much about the economy, stupid, as it is about your love of trees and bees.” (04:52–04:58)

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.