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Trump’s bill not only removed the $7,500 tax credit for electric vehicle (EV) buyers, but also eliminated the financial penalties for automakers that fail to meet federal emissions targets. Emissions fines have historically forced automakers who still build primarily gasoline powered cars and trucks to buy “regulatory credits” from EV companies.
Removing those fines eliminates “market demand for Tesla’s credits,” said the note from William Blair analysts Jed Dorsheimer and Mark Shooter. The sale of those federal and state credits added $10.6 billion to Tesla’s bottom line since 2019 and often enabled the company to post a profit.
https://www.cnn.com/2025/07/08/business/tesla-troubled-financial-outlook
SkinnerTBD
Carbon credits are a scam and I'm glad they're gone but we need to put actual regulations, fines, and consequences in their place.
WolvesAreTheBestPeople
CNN licks the boots of fascism.
Ilikestyx
I knew Tesla was in trouble years ago. The only thing keeping the company alive outside of pure hype is gone
SteveMND
Honestly, I was always perfectly fine with Tesla being what finally jump-started the EV trend, and then immediately collapsing under the weight of Musk as soon as that job was done. Of course, stupid policies like this one only hurts others as well, so...
blaghart
yup, too bad it wont go into effect until after the midterms
CrunchWrapFrappuccinoo
The tax provisions go into effect in September.
The Medicaid cuts are after the mid terms. You can guess as to why that is.
dynamojoe
The regulatory credits may be delayed but the $7500 tax credit ends Sept 30th. If you’re thinking about a new EV, move sooner rather than later (but don’t buy a Tesla. Fuck Elon).
Cronos51101
Still a bunch of '23 Chevy Bolts out there. They're pretty solid.