The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.
The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
The announcement covers nearly all of the vehicles the company has delivered to date, though it said the problem had affected only a small number.
The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.
The increase from the same period last year comes as competition grows among automakers producing electric vehicles in the United States.
Representative Dina Titus of Nevada has been targeted by congressional Republican leaders in their quest to win control of the House.
More electric cars will be sold in the country this year than in the rest of the world combined, as its domestic market accelerates ahead of the global competition.
The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.