Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Tesla told the Trump team that it supports ending the subsidy, which could negatively impact Tesla but harm its rivals more, Reuters reported. Shares of Tesla, Rivian, Lucid, and other EV makers tumbled Thursday following the news. Shares of Tesla ( TSLA ) and other electric vehicle (EV) makers tumbled Thursday after a report President-Elect Donald Trump and his transition team are planning to end a $7,500 EV tax credit. Tesla shares dropped nearly 6%, while shares of electric truck maker Rivian ( RIVN ) plunged over 14%, and Lucid Group ( LCID ) shares slid 5%. President-elect Donald Trump has previously vowed to scale back government support for EVs, though Tesla CEO Elon Musk 's ties with Trump have raised doubts about how thoroughly those promises will be carried out. Reuters reported Tesla told the Trump team it supports ending the subsidy, which could negatively impact Tesla but harm its rivals more. That may be because Tesla is less reliant on credits than many of
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News
- The world's biggest battery maker says Elon Musk's 4680 cell ‘is going to fail' [Verge, The]Verge, The
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tesla, Inc. - TSLAAccesswire
- ‘Keys To The White House' Guru Allan Lichtman: This Is What Went Wrong Predicting Harris Would Beat Trump [Forbes]Forbes
- Dollar Rises With December Fed Cut Now in Doubt: Markets Wrap [Yahoo! Finance]Yahoo! Finance
- Why Musk supports Trump getting rid of EV tax credits [Business Insider]Business Insider
TSLA
Earnings
- 10/23/24 - Beat
TSLA
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/8/24 - Form 144
- TSLA's page on the SEC website