The Republicans in Congress have voted for Trump’s ‘Big Beautiful Bill’, which are going to greatly slow down electric vehicles and renewable energy in the US.
Here’s how the new bill is going to affect Tesla.
Solar stocks are all crashing today. Solar Edge is down 20%, and First Solar is down 5%.
EV stocks, like Rivian and Lucid, are also down ~2.5%.
Tesla is operating in both of those markets, and yet, the stock is up 2.5% a the time of the writing.
This could lead people to believe that the new budget bill passed by the US Congress yesterday is actually positive for Tesla, but this is far from the case.
$7,500 EV Tax Credit is going away
As we have extensively reported in the last few weeks, the bill kills the EV tax credit in the US.
By the end of 2025, all automakers who have delivered more than 200,000…
