For the past couple of years, the EV story has been a mix of momentum and growing pains. Prices plummeted, supply chains stabilized, and adoption rates increased. However, the effects of these positives were more than offset by heightened interest rates, charging gaps, and stubborn affordability that continued to pressure demand. Now, to make matters even worse, the clock has run out on the EV sector’s biggest crutch in the federal EV tax credit. What began as an adoption tailwind has become a dividing l ...

General Motors Co. (NYSE:GM) has reportedly backtracked on its plans to offer incentives on electric vehicles in the U.S. beyond the Federal EV Credit deadline on September 30. Ford Motor Co. (NYSE:F) was also offering a similar incentive.Bernie Moreno Raised ConcernsGM pulled the plug on EV incentives after Sen. Bernie Moreno (R-OH) expressed concerns about the automaker using its financing arm to make a down payment on the dealers' inventory on or before September 30 to qualify the vehicle for the tax cre ...

Automaker hoped to use its finance arm to claim the $7,500 federal tax credit on EV leases beyond Sept. 30 ...

Tesla Inc (NASDAQ:TSLA) beat analyst expectations for third-quarter deliveries thanks to a short-term surge in demand as the federal EV tax credit expired. Deepwater Asset Managing Partner and co-founder Gene Munster says investors should throw this figure out and throw the fourth-quarter delivery figure out as well. Tesla's Focus On Autonomy With automotive companies likely to see less demand for electric vehicles with the $7,500 federal tax credit gone, Munster cautions on how much attention should be p ...

The repeal of the U.S. electric vehicle tax credit won’t just crash EV sales in the fourth quarter, it could slow the pace of adoption for years to come, according to industry forecasts. Market share for new battery-electric vehicles was already stuck in single digits before the $7,500 tax incentive expired after Sept. 30. Now, forecasters are scaling back their targets as affordability worries deepen. U.S. EV share will hover below 10 percent this year without federal support, said Stephanie Valdez Strea ...

RT Anonymous Programmer (@unnamed_coder)Why we might be just days away from a new Tesla(inspired by @TeslaBoomerMama)1. No better time for a new model premiereLate September is the perfect timing. Here’s why:- The $7,500 US EV Tax Credit expires at the end of the month.- Earlier, everyone assumed a car had to be delivered by Sept 30 to qualify.- Now it’s clear: it’s enough to simply initiate the transaction (place a reservation, pay the fee).This timing allows Tesla to:- Maximize Tax Credit FOMO for Model 3 ...

Core Points - The "One Big Beautiful Bill" Act (OBBBA) signed by President Trump on July 4 sets the spending and tax policies for his second term, extending many tax rates from the 2017 tax bill and implementing spending cuts [1] - A significant aspect of the OBBBA is the 12% reduction in Medicaid spending and the elimination of the electric vehicle (EV) tax credit by September 2025 [2] - The EV tax credit, originally part of the Inflation Reduction Act (IRA) of 2022, provided a $7,500 tax credit for qualifying new EV purchases, which will be terminated by the OBBBA [3] - A loophole in the OBBBA allows EV buyers to claim the tax credit if they have a binding purchase contract and payment made by September 30, 2025, even if the vehicle is delivered later [4][5] - This loophole provides flexibility for buyers to secure the $7,500 EV tax credit by signing a contract and making a payment before the deadline [6]

Core Viewpoint - Lucid Group is experiencing rapid growth in electric vehicle sales, with projected revenue increases of 73% in 2025 and nearly 100% in 2026, but faces significant challenges due to potential elimination of federal tax credits for EVs, which could raise prices and dampen demand [1][2]. Group 1: Sales Growth and Product Line - Lucid's sales growth will be primarily driven by the recently introduced Gravity SUV, as SUVs are currently more popular than sedans in the U.S. market [3]. - Long-term success will depend on developing mass-market vehicles priced under $50,000, similar to Tesla's Model 3 and Model Y, which account for over 90% of Tesla's unit sales [4]. - The company has hinted at plans to launch new mass-market models in 2026, but details are limited, and significant capital will be required to bring new models to market [5]. Group 2: Financial Position and Market Challenges - Lucid is in a precarious financial position, with less than $2 billion in cash and a net loss of $3.8 billion over the past year, indicating a need for additional capital to support new vehicle launches [5][6]. - The potential elimination of federal EV tax credits could lead to reduced investor confidence, making it more difficult for Lucid to raise capital, which is critical for an early-stage, capital-intensive business [6]. - Despite the challenges, there is a possibility that the elimination of tax credits could benefit Lucid in the long term if it successfully launches affordable models, as competitors without mass-market offerings may struggle [9]. Group 3: Competitive Landscape and Leadership Issues - Lucid is significantly behind competitors like Rivian and Tesla in financing and the ability to launch affordable vehicles, which could hinder its growth prospects [10]. - The recent departure of Lucid's longtime CEO may further strain the company's ability to raise capital and execute its growth strategy [10]. - The current limited lineup of high-priced vehicles may not be sustainable for achieving scale, especially if production of mass-market vehicles is delayed [11].

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]