Exclusive-Trump's transition team aims to kill Biden EV tax credit [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla - by far the nation's largest EV seller - have told a Trump-transition committee they support ending the subsidy, said the two sources, who spoke on condition of anonymity. Elon Musk, one of Trump's biggest backers and the world's richest person, said earlier this year that killing the subsidy might slightly hurt Tesla sales but would devastate its U.S. EV competitors, which include legacy automakers such as General Motors. Repealing the subsidy, which has been a signature measure of President Joe Biden's Inflation Reduction Act (IRA), is being discussed in meetings by an energy-policy transition team led by billionaire oilman Harold Hamm, founder of Continental Resources, and North Dakota Governor Doug Burgum, the two sou
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News
- 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
- Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit [Yahoo! Finance]Yahoo! Finance
- Why Tesla Stock Was Sliding Today [Yahoo! Finance]Yahoo! Finance
- Trump to Sunset EV Tax Credit: Should Tesla Investors Be Worried? [Yahoo! Finance]Yahoo! Finance
TSLA
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- 10/23/24 - Beat
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Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/8/24 - Form 144
- TSLA's page on the SEC website