The Latest Breaking News on Electric Vehicles

The stock market witnessed a tumultuous day as President Donald Trump announced a 25% tariff on all imports from Japan and South Korea, effective from August 1. This news sent the markets into a tailspin, with the SP 500 dropping 0.9% to 6,229.98 and the Dow Jones Industrial Average tumbling…

An electric vehicle company backed by billionaire Jeff Bezos is one of the companies that will be hurt by the ending of the $7,500 federal tax credit.

The US House of Representatives has passed President Donald Trump‘s tax and spending bill, known as the “Big Beautiful Bill.” This move effectively eliminates the $7,500 tax credit for new, US-made electric vehicles (EVs).

Tesla is swimming in contradiction. On the one hand, it’s a $1 trillion behemoth, rivaling the economy of an entire small nation. On the other hand, investors are jittery: shares are down about 17 % year-to-date, and profits and deliveries have just hit multi-quarter lows.

Tesla Inc. (NASDAQ:TSLA) stock plummeted nearly 7% in Monday pre-market trading in response to CEO Elon Musk’s re-entry into the political landscape amid his ongoing dispute with President Donald Trump over the contentious “Big, Beautiful Bill.”

Fall of 6.8% in early trading wipes $79bn off firm’s value as market frets CEO’s foray into politics will distract from role

Elon Musk‘s announcement of a new political party has led to the postponement of a Tesla Inc. (NASDAQ:TSLA) exchange-traded fund (ETF) launch by investment firm Azoria Partners.

The dispute between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's "big, beautiful" tax bill would bankrupt America.

The electric truck may still enter production next year, but that tempting sub $20,000 price now appears like a dream.