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'Elon, This Sucks': Ross Gerber Blames Tesla CEO for Loss of US EV Credit
Bloomberg Television· 2025-10-08 15:44
Partially. People buy Teslas for the acceleration power reason and some of the other features like that. It's not taking away those features, is it.No, it's the slowest of all. The Tesla is by far. And so it just doesn't compare in any way to a model Y, you know, like a regular model Y.They've stripped out some of the my favorite things about Tesla, including the the glass roof on top of the sound system, you know, being a music guy and a musician, you know, the sound system in the Tesla with the quiet, you ...
Jim Farley Says 5 Years At Ford Were 'Full Of Surprises,' Hails Trump's Relaxation Of Emissions Standards - Ford Motor (NYSE:F)
Benzinga· 2025-10-02 07:13
Core Insights - CEO Jim Farley reflects on his five-year tenure at Ford, highlighting the surprises and the strong foundation built with the team [2] - Ford has made significant progress in reducing its cost disadvantage compared to General Motors, achieving a billion-dollar year-over-year cost reduction without restructuring [3] - The company is optimistic about the potential benefits from recent EPA emissions rule changes, which could serve as a tailwind for the industry [5] Financial Performance - Ford reported strong Q3 deliveries with 85,789 electrified units sold, marking a 19.8% increase in sales [6] - The F-150 continues to be the best-selling pickup truck in the U.S. for the 49th consecutive year [6] Strategic Initiatives - Ford is extending EV credit beyond the September 30 deadline, providing incentives for EV purchases until the end of the year [7] - The company is facilitating this by making down payments on EVs through its financing arm to qualify for the credit [7] Market Reaction - Ford and GM reached 52-week highs on the NYSE, driven by investor optimism regarding the Trump administration's favorable policies for ICE-powered vehicles [8] - Despite the positive market response, Ford faces challenges with several recalls, including over 115,000 F-250, 350, and 450 pickup trucks due to steering column issues [8]
Elon Musk's Tesla Urges Buyers To Lock In Orders Before September 30 $7,500 EV Credit Cutoff - Tesla (NASDAQ:TSLA)
Benzinga· 2025-09-29 10:02
Group 1 - Tesla Inc. has encouraged customers to finalize their purchases before the September 30 deadline to secure the $7,500 Federal EV credit, with Q3 deliveries expected to surpass analyst estimates [1][2] - The IRS has updated the terms for the Federal EV Credit, allowing customers to qualify for the credit even if they take delivery after the deadline, provided they make a nominal payment by September 30 [3] - Tesla has aligned its terms with the IRS updates, stating that only cash purchases can avail the IRA Credit if delivery occurs after September 30, while leases must be completed by the deadline [4] Group 2 - California Governor Gavin Newsom announced that the state will not implement the proposed bespoke EV incentives after the Federal EV Credit deadline, shifting focus to enhancing charging infrastructure [5] - Tesla is performing well in Momentum and Growth metrics, with satisfactory Quality but poor Value, and shows a favorable price trend in the Short, Medium, and Long term [6]