Tesla Faces Exclusion From California EV Credits Amid Trump Row. What It Means for the Stock. ...

President-elect Donald Trump has toyed with the idea of removing tax credits for electric vehicles.On Aug. 16, 2022, President Joe Biden signed the Inflation Reduction Act (IRA) into law. Although there are many components to the IRA, one of the more prevalent aspects of this piece of legislation revolves around tax credits for electric vehicles (EVs).Simply put, consumers who purchase a new EV are eligible for a tax credit worth up to $7,500, while used EV purchases are eligible for a credit of up to $4,00 ...

As Tesla gears up to launch a robotaxi service in the coming years, the automaker looks like it’s building out a teleoperations team. According to a recent job listing, Tesla is hiring a software engineer to help develop a teleoperations system that will allow human operators to remotely access and control the company’s upcoming robotaxis and humanoid robots.The software engineer for the Palo Alto-based role would “drive requirements, make design decisions, and implement software integration for this custom ...

UBS analyst Joseph Spak has revised Tesla’s (TSLA) price target amid concerns over the market’s valuation of the company’s artificial intelligence (AI) initiatives.In an investor note on November 25, Spak maintained a ‘Sell’ rating for the stock while raising the price target to $226, up from $197.The analyst questioned the market’s current valuation of Tesla’s AI ventures, such as robotaxis and Optimus, which he estimates are being priced at nearly $1 trillion. In his valuation model, Spak emphasized that ...

With the Trump administration taking over in January 2025, there has been much speculation about forthcoming changes, trends, and themes. With Tesla Inc. NASDAQ: TSLA CEO Elon Musk firmly embedded in Trump’s inner circle, there’s been speculation that self-driving or autonomous cars will see an accelerated regulatory framework paving the way for Robotaxis and self-driving cars hitting the roads sooner than anticipated. If that turns out to be the case, here are three stocks that will benefit from the widesp ...

Tesla (TSLA) and Rivian (RIVN) have been involved in a legal battle for four years, wherein Tesla accused Rivian of stealing battery technology by hiring former Tesla employees. It now seems the two automakers are nearing a settlement. Per Bloomberg, Tesla informed a California state judge that it plans to seek dismissal of the case by Dec. 24, 2024, provided the settlement terms are satisfactorily met. However, the details of the agreement remain undisclosed.The lawsuit began in 2020 when Tesla alleged tha ...

In Brief Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets.Bloomberg reports that Tesla told a California statement judge that the companies have reached a “conditional” settlement, and that it expects to seek dismissal of the lawsuit by December 24. Tesla filed the suit, which was set to got to trial in March, back in 2020. The EV maker alleged that it had discovered an “alarming pattern” in which Rivian was recruiting Tesla employe ...

Tesla (TSLA 4.14%) shares have been on a roll in recent weeks. The stock has soared by more than 60% in the last month and that surge continued Friday. Tesla shares were higher by 3.7% as of 1:45 p.m. ET. That brings year-to-date gains to about 42%.Much of the recent euphoria has been related to CEO Elon Musk and his relationship with President-elect Donald Trump. But the stock's momentum may have also gotten a boost after the latest European electric vehicle (EV) sales numbers were published yesterday.EV s ...

It has been about a month since the last earnings report for Tesla (TSLA) . Shares have added about 30.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Tesla due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Tesla Q3 Earnings Beat EstimatesTesla posted reported thir ...

Elon Musk's business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, according to research from FedScout. Under a second Trump presidency, more lucrative contracts could come its ...