White House to Extend Tariff Relief for US Automakers: What You Need to Know
The White House will extend tariff relief for US carmakers by five years, helping Ford, GM, and others reduce costs from Trump's import duties on auto parts and vehicles.
The White House will extend tariff relief for US carmakers by five years, helping Ford, GM, and others reduce costs from Trump's import duties on auto parts and vehicles.
GM booked a $1.6B charge, reducing its EV production plans. Demand is slower than expected due to gov't ending tax credits and changing rules.
Tesla smashed Q3 delivery records (497k). US buyers rushed to use expiring $7.5k tax credits, offsetting slow sales in Europe.
Wedbush raises Tesla stock target to $600, predicting massive $3T growth driven by AI, self-driving tech, and Optimus robots.
Elon Musk bought $1B in Tesla stock, his first since 2020, sending shares soaring. This "vote of confidence" boosts the company amidst challenges, with hopes for AI & robotaxis to add $1T to its value.
Tesla got a permit to test self-driving cars in Nevada, a growing AV hub. While Zoox offers free rides & Waymo plans 2025 tests, Tesla's permit is for testing only; full "Robotaxi" service needs more approvals.