The stock has been on a roller coaster ever since Mr. Trump’s election. The shares are down about 13 percent this week.
The sudden fallout ended a nearly yearlong partnership, during which Mr. Musk helped propel Mr. Trump to the White House and became one of the president’s top advisers.
Senate Republicans understand that energy abundance is essential for the economy, national security and the country’s well-being. Now they must act.
For decades, California has been able to adopt its own emissions regulations, effectively setting the bar for carmakers nationally. And for just as long, Republicans have resented the state’s outsize influence.
Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.
Battery-operated vehicles were a mainstay more than a hundred years ago, but only a few still exist — one happens to be in Jay Leno’s garage.
The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
Some said they worried that California’s planned ban on gas-powered vehicles would raise the price of cars. Another cited “intense and misleading lobbying” by the oil industry.