Biden admin snubs Tesla's $100 million big-rig charging funding request — again
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The Biden administration has once again declined Tesla's $100 million funding request for a big-rig charging corridor. The Department of Transportation announced $636 million in funding for electric vehicle charging infrastructure, but Tesla was not among the 49 applicants awarded.
January 13, 2025 | 4:45 pm
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Tesla's $100 million funding request for a big-rig charging corridor was denied by the Biden administration, which awarded $636 million to 49 other applicants for EV charging infrastructure.
Tesla's request for significant funding was denied, which could impact its plans for expanding its charging infrastructure for big rigs. This decision may affect Tesla's competitive position in the EV charging market, leading to potential short-term negative sentiment around its stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90