article thumbnail

Toyota’s tax credit advantage over competitors like Tesla disappears

Teslarati

As recently corroborated by the veteran Japanese carmaker, it has already crossed the 200,000-unit cap for the United States’ $7,500 tax credit for hybrid and all-electric vehicles. The post Toyota’s tax credit advantage over competitors like Tesla disappears appeared first on TESLARATI.

article thumbnail

Judge approves $40m SEC payout plan from 2018 Tesla, Musk settlements

Teslarati

A United States Federal Judge authorized the SEC to begin distributing over $40 million to shareholders that the agency received from Tesla and Elon Musk as part of a 2018 settlement. Musk and Tesla, the electric automaker Musk has grown into the most valuable car company on Earth, both paid $20 million in fines due to the Tweets.

2018 97
article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

article thumbnail

Tesla shareholders to vote on $56B pay package for Elon Musk (again)

Teslarati

Tesla shareholders might be asked to vote on Elon Musk’s nearly $56 billion pay package again. On Monday, Tesla filed paperwork so shareholders could vote to approve Elon Musk’s 2018 pay package again. The Tesla CEO would only get the maximum value if he hit all the goals or tranches in the package.

article thumbnail

Tesla subpoenaed by SEC regarding Musk stock sale poll, 2018 settlement

Teslarati

Tesla said in a Monday morning filing with the SEC that it was subpoenaed by the agency regarding information related to the company’s governance processes and compliance surrounding a Tweet from CEO Elon Musk in November 2021. The Twitter Poll may have violated the 2018 settlement, and Tesla is complying with the SEC’s demands.

2018 85
article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

article thumbnail

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? A growing number of Tesla shareholders say so. Elon Musk’s 2018 pay package was rescinded by Judge McCormick in late January. In other words, we are prepared to ‘eat our cooking.’

Delaware 105