Elon Musk's recent commitment to creating a third US political party has raised alarm among Tesla investors, amidst declining sales and revenues. Tesla's financial situation is deteriorating significantly, worsened by Trump's legislation that aims to eliminate clean air credits and federal tax incentives for electric vehicles. These changes threaten a major revenue source for Tesla. Additionally, tariffs have disrupted supply chains with China, amplifying the company's challenges under the current administration, highlighting a deteriorating relationship between Musk and Trump.
Elon has finally woken up to this, but talk about a day late and a dollar short.
This is terrible policy and a devastating blow for Tesla's bottom line.
It's everything together: tariffs, the $7,500 consumer credit, manufacturing tax credits, charging credits, and solar residential credits.
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