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Oct 14, 2025
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
Apr 22, 2025
Tesla Q1 profit falls sharply as it fights backlash tied to Musk’s role in Trump administration
Tesla's Q1 profit plunged 70% to $409M amid weak sales, backlash over Elon Musk's role in the Trump administration, and rising competition in the EV market.
