Thinking of buying an EV? You might want to move quickly [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
President-elect Donald Trump has said he will move to eliminate the tax credit, possibly as soon as he takes office. It is even conceivable that the tax credit's elimination could be made retroactive to the beginning of January, which would give EV buyers only a week left to be certain of locking in the credit. “I would be very inclined to say yes, it's going away,” said Ivan Drury, director of insights at car buying site Edmunds. While it's unclear exactly how Trump would eliminate the credit, Drury said he expects it won't last long into the new administration. It could be done as part of tax legislation that Republicans are promising early in 2025. Or a Trump-controlled Internal Revenue Service could simply issue a new rule making the credit unavailable. “The simplest route that's possible, is the one that they're likely to take,” Drury said. But the tax credit is only part of the reason that it could make sense for potential EV buyers to act sooner than later. The combinati
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TSLA
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TSLA
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- 12/4/24 - Form 144
- TSLA's page on the SEC website