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Why Tesla Now Needs the EV Tax Credit that Musk Once Said Should Go Away | News Channel 3-12

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By Chris Isidore, CNN (CNN) — It wasn’t long ago that Tesla CEO Elon Musk was advocating for ending the $7,500 tax credit for buyers of electric vehicles. “Take away the subsidies. It will only help Tesla,” he said in a post on his social media platform X last year, adding “Also remove the subsidies from all industries!” But now, with House budget and tax bill known as the “big, beautiful bill” proposing to end that tax credit, he and Tesla are …

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Why Tesla now needs the EV tax credit that Musk once said should go away

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now financially struggling Tesla are arguing for its continuation.

2 days ago·Atlanta, United States

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Tesla Stock Tumbles 9% Midday Amid EV Tax Credit Uncertainty and Musk’s Opposition

Tesla shares dropped sharply on Thursday, sliding 9% in midday trading as investor concerns grew over potential changes to federal electric vehicle (EV) tax credits — and a shifting stance by CEO Elon Musk. The stock’s decline follows reports that Musk is now actively opposing the Biden-era EV tax credit framework after initially lobbying to preserve it. At the center of the market reaction is a new report from Bloomberg suggesting Musk has pivo…

2 days ago

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