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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.
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 ...
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 ...
The Toyota Prius Plug-in Hybrid, released in January 2012, was eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [278] All Tesla cars and Chevrolet Bolts were eligible for the $7,500 tax credit. As granted by the 2009 ARRA, electric vehicles produced after 2010 are eligible for an IRS tax credit from $2,500 to ...
Newsom’s office has not yet confirmed that Tesla would be carved out from the program. California Gov. Gavin Newsom’s possible plan to cut Tesla buyers out of new EV tax credits is driving ...
Elon was an enthusiastic reader of books, and had attributed his success in part to having read The Lord of the Rings, the Foundation series, and The Hitchhiker's Guide to the Galaxy. [16] [29] At age ten, he developed an interest in computing and video games, teaching himself how to program from the VIC-20 user manual. [30]
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 ...
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