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Tesla stock dips as Elon Musk agrees to sell 10% of his personal TSLA shares

Teslarati

Musk’s poll was triggered in part by recent conversations about billionaires’ unrealized gains being used as a means to avoid taxes. The securities were from performance awards that he was granted in 2012 and 2018. Based on Musk’s current holdings of about 170.5 Disclaimer: I am long TSLA.

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US Senator Elizabeth Warren calls for tax code changes so Elon Musk would stop “freeloading off everyone else”

Teslarati

Massachusetts Senator Elizabeth Warren has posted some strong criticism of Tesla and SpaceX CEO Elon Musk and his recent title as TIME Magazine’s 2021 Person of the Year. The longtime politician called for a change in the country’s tax code so that Musk would “stop freeloading off everyone else.”

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. The good news is that there are now tax credits for individuals and businesses that buy or lease a new or used electric vehicle! First, the easy part: How do I claim the $7,500 EV tax credit?

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Tesla short seller Jim Chanos hit with lawsuit from partner over alleged fund misuse

Teslarati

Aggressive Tesla short seller Jim Chanos has been sued by a partner who is accusing the famed short-seller of using company funds for his personal use. The lawsuit was filed in New York State court over the weekend. The suit further claimed that Chanos had sold a luxury Miami apartment owned by Chanos & Co.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. It won’t solve the problem.

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Tesla shareholders are taking a stand against law firm’s $6B TSLA stock request

Teslarati

Is the law firm behind the legal complaint that ultimately rescinded Elon Musk’s 2018 pay package looking to get overpaid? Elon Musk’s 2018 pay package was rescinded by Judge McCormick in late January. It is also tax-deductible by Tesla,” the lawyers wrote in a brief. Some have even sent letters from abroad.

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New JV in China to produce high-grade Li-ion power battery materials

Green Car Congress

Yilong Investment is obliged to use reasonable efforts to obtain, on behalf of the JV, national-level tax incentives and favorable government treatments, and will coordinate with local financial institutions to provide financing to the JV. Personally I have extensive experience in the production of anode materials for lithium-ion batteries.

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