By Nora Eckert DETROIT (Reuters) -Ford Motor is walking back a program that would have allowed dealers to offer a $7,500 tax credit on EV leases after the federal subsidy expired September 30, the company said on Thursday. "Ford will not claim the EV tax credit but will maintain the competitive lease payments we have in the market today," a spokesperson said. The decision follows a similar move from General Motors on Wednesday. While automakers including Hyundai and Stellantis have offered cash off ince ...

General Motors (GM) has reversed its decision to pursue a scheme that would have enabled its dealers to offer a $7,500 tax credit on leases of electric vehicles (EVs). The move after the scheduled end of the federal subsidy on 30 September, reported Reuters, citing sources. According to sources, the reversal follows concerns raised by Ohio's Republican Senator Bernie Moreno, who has a background in car dealership and is involved in automotive policy discussions. GM initially proposed a plan in which its ...

Tesla recently reported third-quarter deliveries that came in well ahead of what Wall Street analysts expected.With Tesla's (TSLA 1.32%) core electric vehicle business struggling this year, analysts and investors were anxious to get a glance at how EV deliveries would trend in the third quarter. The company delivered big time, reporting close to 497,100 deliveries, smashing Wall Street estimates of of 447,600. However, Tesla's stock dipped immediately following the news, as the strong beat was not enough to ...

Think that's an interesting value proposition for Tesla here as they try to recoup some sales from the loss of the EV tax credit. Even with these cheaper models, they're not as cheap as the original cars were with the tax credit. So, that's a big issue.Are you going to get buyers that are going to pay $2,000 more dollars for a car that's just not as good as the past car before. It was a big disappointment. I think there was speculation that a lot of investors were thinking they might finally unveil the Road ...

Well, Tesla unveiling cheaper versions of its popular Model Y and Model 3. It's part of an effort to boost sales after the federal EV tax credit expiration. Joining me now, Garrett Nelson, CFR analyst.Garrett, good to see you. The shares fell yesterday. They're falling a little bit more today.Does this make a difference. Are you are we going to see any kind of boost to sales from these cheaper models. Sure.Thanks for having me. We do think it will help them from a sales volume perspective. um but only on th ...

By Mike Colias and David Shepardson (Reuters) -General Motors is scrapping a program aimed at allowing its dealers to continue offering a $7,500 tax credit for several months on electric-vehicle leases following the September 30 expiration of the federal subsidy, the company said on Wednesday. Toward the end of last month, GM devised a plan to have its in-house lending arm initiate the purchase of EVs in its dealers’ inventory. The company planned to apply for the federal $7,500 credit on those cars and ...

Back. Tesla making some headlines with that new cheaper version of its Model Y and Model 3. But will they help give sales and deliveries a boost after the federal EV tax credit did expire at the end of September.Joining us with his thoughts this morning, William Blair Group head of energy and power tech Jed Dorshimer has a market perform rating on the stock. Jed, good to see you again. Thanks for joining us. >> Hey, thanks for having me back.>> What' you make of these new models. >> Yeah, I mean, listen, it ...

Tesla has long promised a cheaper model. On Tuesday, the company unveiled stripped down versions of its bestselling SUV and sedan, but the new lower prices don’t quite cover the recently expired $7,500 EV tax credit.🔗: https://t.co/Pv2DVIGuXF https://t.co/4bCIj0QBK5 ...

Tesla has long promised a cheaper model. On Tuesday, the company unveiled stripped down versions of its bestselling SUV and sedan, but the new lower prices don’t quite cover the recently expired $7,500 EV tax credit.🔗: https://t.co/Ia1IHs1fib https://t.co/YIYkQCFMVt ...

Electric vehicle (EV) automaker Tesla (TSLA) has had a decidedly tumultuous year. It’s been in the news for many reasons, including sales and stock drops, as well as CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE). Read More: Self-Made Millionaires Suggest 5 Stocks You Should Never Sell Explore More: 6 Big Shakeups Coming to Social Security in 2025 And one of Musk’s latest actions has brought it back into the spotlight. Here’s a look at Tesla’s 2025, including Musk’s recent ...