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Tesla stock outlook soars to $1,300 per share, driven by Biden’s $10k EV tax credit

Teslarati

Bullish analyst Dan Ives of Wedbush, who boosted his outlook on Tesla stock to “Outperform” from a “Hold” rating following the Q1 figures, believes that the stock could cross the $1,300 mark in the coming months, especially if Presiden Joe Biden’s planned EV tax credit is pushed through. Finance Live.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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President Biden’s $174 billion EV package broken down dollar by dollar

Teslarati

automakers, especially ones like Tesla and General Motors, who cannot offer $7,500 rebates when a vehicle is purchased. Previous limits axed the EV tax credit after manufacturers sold 200,000 electric cars. While unconfirmed, several Washington D.C. The rebates would be a significant boost to U.S.

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Elon Musk pokes fun at Joe Biden’s love for GM, which delivered 26 EVs in Q4

Teslarati

Tesla’s Elon Musk recently called out President Joe Biden for his apparent love affair with General Motors. Musk acknowledged Tesla’s influence in the sector but also openly stated that Biden and the White House are controlled by the UAW so much that it was able to exclude Tesla from an EV Summit held in Washington.

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GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

Green Car Congress

General Motors is working with communities such as San Francisco to develop a plan of action to establish the supporting technical and policy infrastructure required for broad commercialization of plug-in electric vehicles such as the upcoming Chevrolet Volt. GM described its approach at the Washington Auto Show.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

General Motors. It will also list current tax credits and incentives applicable to EV charging. University of Washington. Tesla Motors, Inc. Duke Energy. Edison Electric Institute. Electric Drive Transportation Association (EDTA). Eversource Energy. Florida Power and Light Company. Georgia Power.

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. Supporters of the car say that’s shortsighted.

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