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Wedbush analysts, led by stalwart Tesla bull Dan Ives, said Trump cutting the $7,500 consumer tax credit for EVs would not be surprising, and that it would take a bigger toll on traditional car ...
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of ...
The Tesla CEO said on an earnings call in July that ending the federal tax credit might benefit the company. "I think it would be devastating for our competitors and for Tesla slightly," Musk said.
Tesla shares closed down 4% to $338.59 and fell another 1.2% in after hours trading. Trump's transition team is considering eliminating the federal tax credit of $7,500 for EV purchases, Reuters ...
Tesla, for instance, noted on a banner on its website that while customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a tax credit up to $7,500 ...
For example, the buyer of a Tesla Roadster, a fully electric vehicle, will receive a much larger tax credit than the buyer of a standard hybrid, which will pollute much more during its lifespan. [9] The federal government now lists models that are pre-approved to receive a tax credit; some other models may qualify on an ad hoc basis.
California Gov. Gavin Newsom may exclude Tesla and other automakers from an electric vehicle (EV) rebate program if the incoming Trump administration scraps a federal tax credit for electric car ...
The rules are already being felt weeks before the new year. Tesla noted on its website that its cheapest Model 3 sedans won’t be eligible for the full $7,500.“All new Model 3 vehicles ...