Tax credits for electric vehicles are about to end, and carmakers are trying to spur sales with rock-bottom prices.🔗: https://t.co/k6JIu1N5hI https://t.co/zOrQwkFOUJ ...

6 July 2025 | 10:10PM EDT Americas Clean Energy Brian Lee, CFA +1(917)343-3110 | brian.k.lee@gs.com Goldman Sachs & Co. LLC Carly Davenport +1(212)357-1914 | carly.davenport@gs.com Goldman Sachs & Co. LLC Nick Cash +1(212)357-6372 | nick.cash@gs.com Goldman Sachs & Co. LLC Tyler Bisset, CFA +1(212)357-5510 | tyler.bisset@gs.com Goldman Sachs & Co. LLC House passes tax bill maintaining Senate provisions for clean energy On July 3, the House voted to pass the Senate's amended budget bill, which was signed int ...

Tesla Inc. TSLA CEO Elon Musk has spoken out about the “Big Beautiful Bill” backed by President Donald Trump and Congress on several occasions. The bill will make it more expensive for consumers to buy electric vehicles and provide less credits for EV companies.One analyst says the bill will hurt Tesla in more ways than one.  The Tesla Analyst: William Blair analyst Jed Dorsheimer downgraded Tesla stock from “Outperform” to “Market Perform” in a recent investor note. The analyst does not have a price target ...

Ford no longer believes jobs or investment are at risk at the battery plant it’s building in Michigan after President Trump’s $3.4 trillion fiscal bill passed with fewer restrictions on production tax credits https://t.co/KgVY34h4Y8 ...

Tax credits for electric vehicles are about to end, and carmakers are trying to spur sales with rock-bottom prices https://t.co/tjq6IbcJp9 ...

Core Points - The "One Big Beautiful Bill Act" (OBBBA) is recognized as a significant advancement for American energy leadership, particularly benefiting the fuel cell industry and enhancing the nation's energy infrastructure and clean manufacturing base [2][4] - The reinstatement of the Investment Tax Credit (ITC) is highlighted as a crucial win for the fuel cell sector, ensuring continued deployment of U.S.-built platforms and contributing to national competitiveness and energy security [5][6] - The preservation of the transferability of federal tax credits is deemed essential for small- and mid-sized companies, facilitating their growth and job creation [7] - Modifications to hydrogen provisions in the OBBBA are supported, providing stability for companies that have invested in hydrogen technologies [8] - The OBBBA is characterized as inclusive, recognizing the strengths of various clean energy technologies without favoring any specific one, thus equipping the fuel cell industry to lead in a digital and electrified future [9][10] Industry Impact - The ITC's flexibility and long-term visibility are expected to boost confidence among developers and investors, leading to more resilient power solutions for data centers and stable grids [6] - The bill is anticipated to create more American jobs in advanced manufacturing by enabling companies to scale operations effectively [7] - The overall legislative support is seen as a move towards a more innovation-driven and clean energy policy, benefiting the broader energy sector [3][10]

Core Viewpoint - Tesla shares are experiencing significant pressure following a downgrade by William Blair, with the stock price dropping below $300 in pre-market trading, indicating investor concerns about demand and profitability due to recent policy changes [1][4]. Group 1: Stock Performance - Tesla shares closed at $315.35 but fell 6.5% in pre-market trading, reaching around $294 [1]. - The downgrade has led to a sharp decline in stock price, reflecting market reactions to the news [4]. Group 2: Analyst Downgrade - William Blair downgraded Tesla's rating from 'Outperform' to 'Market Perform' due to anticipated demand issues following the removal of the $7,500 U.S. EV tax credit and the elimination of corporate average fuel economy (CAFE) fines [4][6]. - Analyst Jed Dorsheimer highlighted that the loss of the EV tax credit could negatively impact demand, but the more pressing concern is the potential loss of over $2 billion in profit from regulatory credits, which would directly affect Tesla's profitability [5][6]. Group 3: Investor Sentiment - Investor sentiment is further strained by CEO Elon Musk's political ambitions, which have raised concerns about his focus on Tesla during a critical period for the company [7][8]. - Dan Ives, a long-time Tesla analyst, noted that investors are feeling a "sense of exhaustion" regarding Musk's political involvement, which contrasts with their expectations for his focus on the company [8][9].

Tax credits for electric vehicles are about to end, and carmakers are trying to spur sales with rock-bottom prices https://t.co/o7hDsBwrhL ...

Tax credits for electric vehicles are about to end, and carmakers are trying to spur sales with rock-bottom prices https://t.co/qNXX2ofurS ...

S&P 500, Nasdaq Set More Record Highs; Nextracker, ServiceNow, Uber Near Buy Points 7/03/2025 The S&P 500 and Nasdaq set more record highs Thursday on a strong jobs report. Nextracker, ServiceNow and Uber are... 7/03/2025 The S&P 500 and Nasdaq set more record highs Thursday... ...