Tesla CEO Elon Musk said on Tuesday that U.S. presidential candidate Donald Trump’s potential removal of support for electric vehicles would hurt other automakers more than the Austin, Texas-based firm.

“It would be devastating for our competitors, and it would hurt Tesla slightly but long term probably actually helps Tesla would be my guess,” Musk said in a post-earnings conference call after the EV maker reported its lowest profit margin in more than five years.

Former President Trump, the Republican candidate supported by Musk, has been critical of the Biden administration’s EV policies and has said that he will “end the electric vehicle mandate” if he wins office.

Trump has not explained the plan in detail.

Musk said any Trump removal of subsidies, and the resulting impact on Tesla car sales was not crucial because Tesla is an artificial intelligence company focused on self-driving technology.

“The value of Tesla overwhelmingly is autonomy. These other things are in the noise relative to autonomy,” Musk said.

The billionaire announced his endorsement of Trump shortly after an assassination attempt on the presidential candidate this month.