Republican Bill to End E.V. Tax Credit Could Hurt G.M. and Ford
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
It Is Happening Every Day, Every Where
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
Robyn Denholm sold Tesla stock in recent months while Elon Musk, the chief executive she oversees, worked for President Trump and alienated many car buyers.
Slate Auto, a start-up backed by Jeff Bezos, plans to sell a small, spartan electric truck that comes with no paint, stereo or touch-screens.
The Tesla billionaire is using his social media site X to rant and accuse. The politics of rage rarely worked out well for earlier moguls.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.