The U.S. Senate’s recent bill proposes ending the $7,500 federal tax credit for new electric vehicles and the $4,000 credit for used EVs by September 30, 2025, as part of a broader tax and spending package. This accelerated phase-out, faster than the House’s plan, has sparked debate, with critics warning of job losses and weakened … Read more
Tesla shares dropped nearly 6% after President Donald Trump threatened to investigate Elon Musk’s subsidies via DOGE, reigniting their feud. The EV giant faces challenges from subsidy cuts, declining sales, and rising competition, shaking investor confidence. Musk’s criticism of Trump’s spending bill and threats to fund political rivals further escalate tensions, impacting Tesla’s market outlook. … Read more
“Elon Musk has fiercely criticized U.S. President Donald Trump’s tax bill, calling it “insane and destructive” for slashing electric vehicle (EV) tax credits. The bill, passed by the Senate, ends the $7,500 EV credit by September 2025, threatening Tesla’s sales and the broader EV industry. Musk’s feud with Trump escalates, with the billionaire threatening to … Read more