The announcement Wednesday of an agreement in the Senate almost instantly reset the role of the United States in the global effort to fight climate change.
The automaker reaffirmed its forecast for earnings for the full year.
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
President Biden’s best course is to take the same regulatory path Barack Obama was forced to follow.
Amazon has ordered 100,000 trucks to cut its carbon dioxide emissions, but Rivian will take years to deliver.
The automaker said it had reached deals to acquire more battery packs in its push to produce 600,000 electric vehicles a year by the end of 2023.
The world’s largest maker of electric cars struggled with production problems in China.
The party has largely moved beyond denying the existence of climate change but continues to oppose dramatic action to halt it, worried about the short-term economic consequences.
Senator Joe Manchin III of West Virginia led his party and his president through months of tortured talks, with nothing to show for it as the planet dangerously heats up.
One way is through investing in companies that make batteries for those vehicles and those that mine and process the minerals in the batteries.
A scarcity of semiconductors and raw materials held back production, but buyers remain enthusiastic.
The West Virginia senator, who holds the swing vote in negotiations for a budget plan, wants to cut incentives. The president and most Senate Democrats say buyer credits are crucial to fight climate change.
Makers of batteries that could charge in a few minutes are setting up assembly lines, bringing the technology a big step closer to auto showrooms.
The automaker sold 483,688 vehicles in the United States in the second quarter.
The decline in deliveries by the electric carmaker in the second quarter was the first drop since the beginning of 2020. The main reason was factory shutdowns in China.
A Supreme Court ruling, combined with an energy crunch and intraparty politics, makes it nearly impossible for President Biden to achieve his climate goals.
Sadiq Khan says there is too much “dithering” by nations, while cities are the real leaders in embracing programs to rein in greenhouse gases.
Ferrari and Lamborghini are trying to design battery-powered cars that inspire the same devotion as their costly internal combustion models.
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.