Elon Musk says he'll will form a new America Party, which could have a big impact on Tesla stock. The Trump budget eliminates key Tesla tax credits.

Trump added that Musk is unhappy because the bill scraps the EV Mandate, which takes away green-energy credits for Tesla’s ...

BMW is working on introducing a new 3 Series that will include a standalone electric vehicle called the i3, alongside the ...

The $7,500 tax credit that car shoppers can use for new EV purchases is set to expire at the end of September, according to ...

American electric vehicle makers Rivian and Lucid rose as much as 4.6% and 8.8%, respectively, on Thursday.

The massive tax and spending cut bill that Congress passed Thursday ends federal tax incentives for electric vehicles.

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 ...

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 ...

It could also affect the finances of the beleaguered Tesla. In a note to clients Thursday, JPMorgan estimated that the loss of the EV tax credit could cost Tesla about $1.2 billion annually.

While the $7,500 EV tax credit goes to car buyers, it indirectly benefits EV makers by increasing demand. When an earlier version was phased out in 2019, Tesla was forced to cut prices to keep ...