Tesla not likely to qualify for California EV tax credit under Trump proposals
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Tesla Inc (NASDAQ:TSLA) may lose eligibility for California EV tax credits due to a proposal by Donald Trump to end federal support for electric vehicles. This news led to a 4% drop in Tesla's stock price.
November 26, 2024 | 12:00 pm
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Tesla's potential loss of California EV tax credits due to Trump's proposal to end federal support for EVs has negatively impacted its stock price, which fell by 4%.
The proposal to end federal support for EVs directly affects Tesla's eligibility for California tax credits, a significant incentive for its customers. The market reacted negatively, causing a 4% drop in Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100