Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.

Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.

Business - MarketWatch - 7 hours ago

Trump’s tax plans: $7,500 EV credit likely to get axed, as tariffs spark anxiety

One tax credit that appears on track for elimination is an Inflation Reduction Act provision that can provide up to $7,500 to buyers of electric vehicles.

Business - MarketWatch - 2 days ago

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - October 24

GPs and care homes fear impact of National Insurance rise

The NHS is exempt from the rise in employer National Insurance contributions, but private providers are not.

Rivian Reassures Investors With Cost Cuts, Green Credit Sales

Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.

Business - Inc. - 6 days ago

VW launches $5.8bn tie-up with Tesla rival Rivian

The firms will share EV technology as they face slowing demand and competition from Chinese rivals.

Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV

Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.

Business - MarketWatch - November 8

North Dakota voters reject bid to end property taxes, which have soared nationwide since 2019

Measure 4 would have cost the state an estimated $3.15 billion over two years.

Business - MarketWatch - November 6

Credit Agricole's Shares Fall After Mixed Results

Credit Agricole reported a smaller-than-expected fall in net profit for the third quarter of 2024 but softer revenue missed views, sending its shares lower.

Business - The Wall Street Journal - November 6

VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit

VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.

Business - CNBC - Yesterday

Tesla is not a car company but it does a good impersonation

Although its vehicles are yielding more profit, most of the $750bn carmaker’s value hangs on things that are yet to exist

Business - Financial Times - October 24

Tesla shares pop 9% as postelection rally continues

Tesla shares popped on Monday, continuing to ride a postelection rally as President-elect Donald Trump begins to set up his presidential cabinet.

Business - CNBC - 3 days ago

Tesla earnings are the ‘next big thing’ for the EV maker as it tries to be magnificent again

Tesla’s stock has traded lower after six of its last eight reports, with the average stock price swings of plus or minus 10% in the past eight post-earnings days.

Business - MarketWatch - October 22

Elon Musk’s Tesla Just Reminded Everyone Who Dominates the EV Market

The automaker beat Wall Street’s earnings expectations and the Cybertruck achieved profitability.

Business - Inc. - October 24

Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time

The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.

Business - CNBC - October 31

Trump’s shake-up of EV rules would be ‘huge positive’ for Tesla

Ending consumer subsidies for battery-run cars will lead to wider losses at the electric-car maker’s US rivals

Business - Financial Times - 16 hours ago

Biden administration expands tax credit for producing solar, wind and battery components

The Biden administration is expanding a federal tax credit that seeks to incentivize domestic production of components for solar and wind energy, as well as batteries. The Treasury Department ...

Politics - The Hill - October 24

California Governor Proposes $750 Million in Annual Film Tax Credits

Gov. Gavin Newsom wants to more than double the amount the state offers in incentives, which would make its program one of the nation’s most generous.

Business - The New York Times - October 27

Will Newsom's expanded tax credit program save California's film industry?

Gov. Gavin Newsom unveiled plans over the weekend to raise the cap on California's film and TV tax credit program. Will it save Hollywood from ruin?

Entertainment - Los Angeles Times - October 28

Concerns over 2024 election betting

New data shows more than $100 million has been legally wagered on the Kamala Harris and Donald Trump presidential race. Koleman Strumpf, the Burchfield Presidential Chair of Political Economy at ...

On the eve of Oscars honor, James Bond producers reflect on legacy and future of 007

James Bond producers Barbara Broccoli and Michael G

Entertainment - ABC News - Yesterday

Is it better for my taxes if I donate shares or cash?

You get the biggest benefit by getting rid of the biggest potential tax liability.

Business - MarketWatch - October 21

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - October 24

Tesla shares jump in third-quarter earnings even as expected revenue is lower

After two slow quarters, Elon Musk’s electric-vehicle maker reports higher-than-expected earnings per share. Tesla shares saw a 12% jump after the company reported its third-quarter earnings on ...

World - The Guardian - October 23

Latest in Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.