Tesla share Price

Tesla, Rivian Shares Tumble as Report Surfaces: Trump Aims to End EV Tax Credit

by
Tesla, Rivian Shares Tumble as Report Surfaces: Trump Aims to End EV Tax Credit

President-elect Donald Trump’s intentions to remove a significant consumer tax credit intended to encourage the adoption of electric vehicles were published by Reuters, which caused a decline in U.S. auto stocks and Asian battery manufacturers. Trump team seeks to eliminate tax credit Under Trump’s transition team, the $7,500 tax credit for electric vehicle purchases is … Read more

Tesla’s Market Cap Soars to $1 Trillion Following Elon Musk-Backed Trump Election Win

by
Tesla’s Market Cap Soars to $1 Trillion Following Elon Musk-Backed Trump Election Win

The market capitalization of Tesla surged above $1 trillion on Friday due to increasing speculation that CEO Elon Musk’s firms would be treated favorably in exchange for his backing of President-elect Donald Trump during his campaign. Following a 19.3% gain till Thursday’s close, the electric carmaker’s shares increased more than 6% to a more than … Read more