Mr. Musk’s involvement in politics was once seen by investors as a benefit to Tesla. Not anymore.
Republicans deferred some of their most painful spending cuts until after the midterm elections.
But the benefits of the deduction, estimated to cost $31 billion over four years, may be limited to a narrow slice of consumers, economists say.
Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
Ford Motor said it would open a new plant in Michigan that could become ineligible for federal incentives under a policy bill championed by President Trump and passed by the House.
The vehicles will have safety monitors and may not operate in bad weather, making them more restricted than the fully autonomous vehicles promised by Elon Musk.
Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.
El fabricante de automóviles, que ya sufría un fuerte descenso de sus ventas y ganancias, ahora podría enfrentarse a la ira del presidente de EE. UU.
El fabricante de automóviles, que ya sufría un fuerte descenso de sus ventas y ganancias, ahora podría enfrentarse a la ira del presidente de EE. UU.
Already suffering from steep declines in sales and profit, the carmaker could now face the president’s wrath.