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Tesla shares jump 5% after all-out Trump-Musk feud wipes out $150B market value
New York Post· 2025-06-06 16:14
Core Viewpoint - Tesla shares experienced a significant rebound of over 5% following a tumultuous period marked by a feud between CEO Elon Musk and President Trump, which previously resulted in a loss of $152 billion in market value for the company [1]. Group 1: Market Impact - The feud led to Tesla's worst single-day stock drop in over four years, causing Musk to lose approximately $27 billion in net worth [4]. - Tesla short sellers gained an estimated $4 billion in profits on the day of the stock drop, marking one of their largest single-day gains ever [7]. - Year-to-date, investors have profited $7 billion from shorting Tesla, making it the second most shorted stock in the US by total value of the position [7]. Group 2: Financial Threats - Analysts from JPMorgan indicated that a tax package backed by Trump could eliminate EV tax credits worth up to $7,500, potentially reducing Tesla's annual profit by $1.2 billion [8]. - Additional measures in the tax package could impose a new annual fee of $250 on EV drivers and block California's EV sales mandates, threatening to cut another $2 billion from Tesla's sales [10]. - Collectively, these measures could jeopardize about half of the expected $6 billion in earnings before interest and taxes for Tesla this year [11]. Group 3: Competitive Landscape - Tesla's sales have declined in major European markets, allowing Chinese competitor BYD to surpass Tesla in some regions [12]. - The brand's reputation has suffered due to protests against Musk's actions related to government spending cuts, leading to vandalism of Tesla showrooms and vehicles [12].
Musk-Trump Messy Breakup Wipes Out $150B in TSLA Stock: What's Next?
ZACKS· 2025-06-06 14:32
Key Takeaways Musk-Trump clash erases $150B from TSLA's value in its worst single-day drop on record. Trump vows to axe Tesla's federal support, putting EV credits and contracts on the chopping block. Tesla faces slumping global sales and growing U.S. regulatory scrutiny of its robotaxi project.Well, they didn’t exactly seem like besties forever, but neither did we expect things to get this ugly between Elon Musk, the richest man in the world and Tesla’s (TSLA) CEO, and US President Donald Trump. In fact, ...
New rural investment fund is leveraging NMTCs to deploy $45 million for health care, affordable energy and quality jobs
Prnewswire· 2025-06-05 19:10
Investment Fund Overview - A new investment fund, the Morgan Stanley Rural NMTC Fund, is established to support health care services, affordable electricity, and job creation in rural and tribal areas, addressing poverty's impact on communities [1][2] - The fund is leveraging federal New Markets Tax Credits (NMTCs) to invest $45 million in high-impact development projects [2] Fund Objectives and Strategy - The fund aims to enhance economic opportunities and health in communities that struggle to attract necessary capital, focusing on projects in nonmetro census tracts with high unemployment and low median incomes [3] - Investments will target health care, electrification, community services, and workforce development programs, ensuring jobs pay a living wage and are accessible to diverse workers [3] Economic Impact - The fund prioritizes health investments, as rural hospitals are crucial economic drivers, generating $2.30 in additional economic activity for every $1.00 spent [4] - The fund's first investment of $8 million supports two new health facilities in Colusa, California, contributing to a total development cost of $26.5 million [5][6] Community Benefits - The new health centers in Colusa will facilitate over 28,000 patient visits annually, significantly reducing travel distances for care [6] - The NMTC-backed investment lowers capital costs, saving the Colusa Indian Community Council $500,000 annually in debt service, which will be used to enhance employee compensation and attract health providers [6][7]
Musk vs. Trump? Tesla stock tanks as tensions escalate
Finbold· 2025-06-05 14:36
Tesla (NASDAQ: TSLA) shares dropped 2.6% in pre-market today and as much as 5% in the opening hour as the Tesla chief executive officer (CEO) Elon Musk and President Trump continue to bickle. At one point, TSLA stock was trading as low as $313.50 before retracing to its press time price of $314.26, contributing to a -$37.20 (-10.47%) in the past 5 days.Tesla 24-hour stock performance. Source: Finbold.comTesla shares remain impacted as Musk continues his  stance against Trump’s so-called “Big, Beautiful Bill ...
Enphase Energy IQ8 Commercial Microinverters Made with Domestic Content Selected for New Projects in the United States
Globenewswire· 2025-06-04 12:00
Core Insights - Enphase Energy, Inc. announced significant commercial projects in Florida, Rhode Island, and California, totaling nearly 3 MW capacity, utilizing their IQ8P-3P™ Commercial Microinverters made with domestic content [1][2][5] Group 1: Project Details - The solar installation at the Manatee School for the Arts in Florida is projected to be one of the largest rooftop solar projects in the state, featuring a 2 MW system with 3,200 IQ8P-3P Microinverters, expected to produce over 3,800,000 kWh annually and save approximately $900,000 per year [2][3] - Rock Ridge Homes in Rhode Island will have a 666 kW solar installation with 1,282 IQ8P-3P Microinverters across 14 buildings, with construction set to begin soon [3][4] - A 150 kW solar project for the Modesto Gospel Mission in California is expected to offset about 45% of the building's energy load, providing over $1 million in lifetime savings [4][5] Group 2: Economic and Environmental Impact - The projects are designed to reduce utility costs significantly, with a goal of a 90% reduction in costs for the Manatee School for the Arts, allowing for enhanced educational programs and facilities [3] - The use of domestic content in Enphase microinverters allows projects to qualify for federal tax incentives, improving project economics and supporting American manufacturing [1][5] Group 3: Company Overview - Enphase Energy is a leading supplier of microinverter-based solar and battery systems, having shipped approximately 81.5 million microinverters and deployed around 4.8 million Enphase-based systems in over 160 countries [6]
Should You Buy ChargePoint While It's Trading Below $1?
The Motley Fool· 2025-06-01 09:10
Industry Overview - The electric vehicle (EV) industry is currently facing significant challenges, including tariffs, rising EV prices, and a negative political environment, which are impacting automakers and the broader EV ecosystem [1] - EV sales in the U.S. accounted for 8.1% of total vehicle sales last year, a slight increase from 7.8% in 2023, indicating slow adoption rates due to high prices [4] ChargePoint Company Analysis - ChargePoint's share price has decreased by 60% over the past year, now trading below $1, raising concerns among investors about the stock's potential [2] - The average transaction cost for a new electric vehicle was $59,200 in April, a nearly 4% increase from the previous year, making EVs less accessible to many buyers [4] - ChargePoint's sales fell by 18% in fiscal 2025 to $417 million, with projections for first-quarter 2026 sales at $100 million, reflecting a nearly 7% decline from the same quarter last year [9] - The company reported a non-GAAP net loss of approximately $159 million last year, although this was an improvement from a loss of about $297 million in 2024 [10] - ChargePoint's largest revenue segment, networked charging system sales, decreased by 35%, while subscription sales increased by 20% [10] External Challenges - Tariffs on automotive imports are negatively affecting U.S.-based EV manufacturers, leading to increased production costs [6] - Political uncertainty surrounding tariffs has caused major automakers like Ford, Stellantis, and General Motors to withdraw their 2025 guidance [7] - A recent bill passed by Republicans in the House aims to roll back tax credit incentives for EV purchases, which could further hinder EV adoption [8] Investment Outlook - Despite ChargePoint's low price-to-sales multiple of 0.75, the current market conditions and company-specific challenges suggest that it may not be a good investment opportunity [11] - The company and the broader EV industry are expected to continue facing serious headwinds that could further slow growth, making it difficult for ChargePoint to achieve market-beating returns in the near future [12]
Why The U.S. Government Wants Americans To Have More Kids
CNBC· 2025-05-30 07:01
America's fertility rates are hovering around historic lows, with approximately 1.6% births per woman over her lifetime. This is below the level needed to sustain the population, which is 2.1% births per woman. We're actually projecting that about 1 in 4 young adults today will never have kids.There are plenty of us out there who are kind of concerned about the falling birth rate, both for kind of its impact on people's ordinary lives, as well as for the ways in which it will affect our economy and our gove ...
Why Solar Stocks Plunged Today
The Motley Fool· 2025-05-22 19:15
Core Viewpoint - The recent passage of a tax and spending bill by the Republican-controlled House has led to a significant decline in solar stocks, particularly affecting residential rooftop solar providers like Sunrun, which saw a 40% drop in share price [1][5]. Group 1: Impact on Solar Stocks - Solar stocks, including Sunrun, NextEra Energy, and AES Corp., experienced sharp declines, with Sunrun down 40%, NextEra down 9.1%, and AES down 5.2% [1]. - The bill phases out most clean-energy tax credits for utility projects that begin more than 60 days after passage or are placed into service after 2028, which is more restrictive than previously anticipated [2][3]. Group 2: Specific Effects on Rooftop Solar - The bill has rolled back tax credits for leased rooftop solar systems, which could devastate the residential solar industry, as most installations are leased [4][5]. - Analysts have described the bill's impact on the rooftop solar industry as "disastrous," with one stating it could mark "the end" of the U.S. rooftop solar industry as it currently exists [5]. Group 3: Supply Chain Concerns - Sunrun imports about 50% of its solar panels, and the new tariffs and restrictions on foreign components could exacerbate challenges for the company, particularly given its reliance on Chinese supply chains [6]. Group 4: Legislative Status - The bill has only passed the House and will now move to the Senate, where there are reservations about the current provisions, indicating potential for further negotiations [8]. - Investors are advised to monitor developments in the Senate, as there is hope for reintroduction of some credits in the reconciled version of the bill [9].
Solar stocks plunge as Republican tax bill worse than feared for clean energy
CNBC· 2025-05-22 12:48
Double Black Diamond Solar near Waverly, south of Springfield, Illinois, is set to be the largest solar farm east of the Mississippi River on July 31, 2024.Solar stocks plunged premarket on Thursday after House Republicans passed a tax bill that terminates key clean energy credits.Residential solar installer Sunrun plummeted more than 35%. The legislation ends tax credits for installers like Sunrun that lease equipment to customers.The GOP bill is a "worse than feared" scenario for clean energy, as it takes ...
Lelantos Energy Unveils Strategic Initiatives for 2025
Globenewswire· 2025-05-21 12:00
Renewable energy solutions to empower communities and Free Solar 4 Veterans program among projects underway TUCSON, Ariz., May 21, 2025 (GLOBE NEWSWIRE) -- via IBN -- Lelantos Energy, a wholly owned subsidiary of Lelantos Holdings, Inc. (OTC PINK: LNTO) ("Lelantos" or the "Company"), is pleased to announce its 2025 strategic initiatives focused on expanding access to renewable energy, working with underserved communities, and driving innovation in tax credit and renewable credit monetization. Powering Progr ...