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Benzinga
Benzinga
Business
Badar Shaikh

Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump's Tax Bill Just Killed This Revenue Stream

United States X Donald Trump Elon Musk Sawyer Merritt Tesla Inc. EPA
Tesla

President Donald Trump is set to sign the Big, Beautiful Bill into law on July 4. The bill effectively eliminates a crucial revenue stream for Elon Musk‘s EV giant Tesla Inc. (NASDAQ:TSLA), ZEV (Zero Emission Vehicle) credits.

Trump's tax bill passed the U.S. House of Representatives on Thursday, eliminating the $7,500 Federal EV credit on new purchases as well as a $4,000 credit on used EVs. The bill also axes hefty fines on the CAFE or Corporate Average Fuel Economy Norms.

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