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Trump may end the $7500 EV tax credit. Elon Musk and Tesla would reap the rewards

Retrieved on: 2024-11-15 17:31:05

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Trump may end the $7500 EV tax credit. Elon Musk and Tesla would reap the rewards. View article details on hiswai:

Summary

The article discusses the potential impact of ending the US electric vehicle tax credit on Tesla and its CEO Elon Musk, who supports its removal. Despite potential price increases, Tesla's profitability might protect it from losses affecting other automakers. The tags highlight the broader context of Tesla's role in the EV market and Musk's political connections, particularly concerning the automotive industry in China and the United States.

Article found on: www.cnn.com

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