The Energy Department’s $400 billion program to support electric vehicles, batteries and other low emissions technology is hustling to get money out the door.
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Gov. Gavin Newsom said California would fill the void for residents if the Trump administration killed a $7,500 E.V. tax credit.
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
Trump has said he’ll repeal President Biden’s climate law, but one North Carolina district shows how hard unwinding multibillion-dollar projects could be.
Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
Tesla said a defect could cause the electric truck to lose driver power and pledged to replace the affected part for free.
The Tesla billionaire is a key figure in the president-elect’s orbit. One question is whether his views on climate and clean energy will have any sway.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.