Tesla Has $1.2 Billion at Risk in Trump Tax Bill

Bloomberg06-05

An all-but-doomed tax credit highlights just how much Elon Musk’s biggest business has to lose under President Donald Trump.Trump’s massive tax bill would largely eliminate a credit worth as much as $...

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Comment（3）

Guavaxf30
·06-06
Tesla makes good cars. The problem is by itself, the profit from making EV's are still relatively small. Their bottom line has been helped greatly by these tax credits that will be taken away. What is worst are, the PE versus share price is way high at above 125. And there is an ongoing price war in China where Tesla counts as a major contributor. Also, Tesla has been losing market sales all over the world.
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JediGingerNinja
·06-06
Tax credit is not the concern it's the fallout with the president.. its like a deep state divide and conquer psyop. These two egos where unstoppable together but will destroy each other divided. Not good but hey the silver lining is cheap stocks.
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- JediGingerNinja:
  cheap is when it's worth more tomorrow [LOL]
  06-06
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- Laksh85:
  The question is, how cheap is a cheap Tesla stock? 😄 🤣 😂 😆
  06-06
  Reply
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CaseyLKC
·06-06
OK
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That would translate to a roughly $1.2 billion hit to Tesla’s full-year profit, according to JPMorgan analysts.After leaving his formal advisory role in the White House last week, Musk, Tesla’s chief executive officer, has been on a mission to block the president’s signature tax bill that he described as a “disgusting abomination.” The world’s richest person has been lobbying Republican lawmakers — including making a direct appeal to House Speaker Mike Johnson — to preserve the valuable EV tax credits in the legislation.Tesla’s business is under threat regulatory elsewhere. 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It also includes stringent restrictions on the use of Chinese components and materials that analysts said would render the credits useless and limits the ability of company’s to sell the tax credits to third parties.Tesla’s division focused on solar systems and batteries separately criticized the Republican bill for gutting clean energy tax credits, saying that “abruptly ending” the incentives would threaten US energy independence and the reliability of the power grid.The clean energy and EV policies under threat were largely enacted as part of former President Joe Biden’s Inflation Reduction Act. The law was designed to encourage companies to build a domestic supply chain for clean energy and electric vehicles, giving companies more money if they produce more batteries and EVs in the US. Tesla has a broad domestic footprint, including car factories in Texas and California, a lithium refinery and battery plants.With those Biden-era policies in place, US EV sales rose 7.3% to a record 1.3 million vehicles last year, according to Cox Automotive data.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":443068415316656,"gmtCreate":1749193208850,"gmtModify":1749194378714,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3576140222331577","idStr":"3576140222331577"},"htmlText":"Tesla makes good cars. The problem is by itself, the profit from making EV's are still relatively small. Their bottom line has been helped greatly by these tax credits that will be taken away.&nbsp; What is worst are, the PE versus share price &nbsp;is way high at above 125. And there is an ongoing price war in China where Tesla counts as a major contributor. Also, Tesla has been losing market sales all over the world.","listText":"Tesla makes good cars. The problem is by itself, the profit from making EV's are still relatively small. Their bottom line has been helped greatly by these tax credits that will be taken away.&nbsp; What is worst are, the PE versus share price &nbsp;is way high at above 125. And there is an ongoing price war in China where Tesla counts as a major contributor. Also, Tesla has been losing market sales all over the world.","text":"Tesla makes good cars. The problem is by itself, the profit from making EV's are still relatively small. Their bottom line has been helped greatly by these tax credits that will be taken away. What is worst are, the PE versus share price is way high at above 125. And there is an ongoing price war in China where Tesla counts as a major contributor. Also, Tesla has been losing market sales all over the world.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/443068415316656","repostId":1180063405,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":442968710619144,"gmtCreate":1749159522052,"gmtModify":1749159526296,"author":{"id":"4126558027897282","authorId":"4126558027897282","name":"JediGingerNinja","avatar":"https://community-static.tradeup.com/news/9fec3f291b238bacf1a948fd098d3042","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4126558027897282","idStr":"4126558027897282"},"htmlText":"Tax credit is not the concern it's the fallout with the president.. its like a deep state divide and conquer psyop. These two egos where unstoppable together but will destroy each other divided. Not good but hey the silver lining is cheap stocks.","listText":"Tax credit is not the concern it's the fallout with the president.. its like a deep state divide and conquer psyop. These two egos where unstoppable together but will destroy each other divided. Not good but hey the silver lining is cheap stocks.","text":"Tax credit is not the concern it's the fallout with the president.. its like a deep state divide and conquer psyop. These two egos where unstoppable together but will destroy each other divided. Not good but hey the silver lining is cheap stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/442968710619144","repostId":1180063405,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":443063787233632,"gmtCreate":1749180973159,"gmtModify":1749180978845,"authorId":4126558027897282,"author":{"id":4126558027897282,"idStr":"4126558027897282","authorId":4126558027897282,"name":"JediGingerNinja","avatar":"https://community-static.tradeup.com/news/9fec3f291b238bacf1a948fd098d3042","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":442968710619144,"type":1,"supId":442924932665536,"prevId":0,"content":"cheap is when it's worth more tomorrow [LOL]","text":"cheap is when it's worth more tomorrow [LOL]","html":"cheap is when it's worth more tomorrow [LOL]"},{"id":442924932665536,"gmtCreate":1749170548962,"gmtModify":1749176437423,"authorId":4097837185257890,"author":{"id":4097837185257890,"idStr":"4097837185257890","authorId":4097837185257890,"name":"Laksh85","avatar":"https://static.tigerbbs.com/c4f1395011726ba0018a0567b82cfdbc","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":442968710619144,"type":1,"supId":0,"prevId":0,"content":"The question is, how cheap is a cheap&nbsp; Tesla stock? 😄 🤣 😂 😆","text":"The question is, how cheap is a cheap&nbsp; Tesla stock? 😄 🤣 😂 😆","html":"The question is, how cheap is a cheap&nbsp; Tesla stock? 😄 🤣 😂 😆"}],"langContent":"EN"},{"id":442897598931040,"gmtCreate":1749151772154,"gmtModify":1749151776069,"author":{"id":"4091363089250230","authorId":"4091363089250230","name":"CaseyLKC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4091363089250230","idStr":"4091363089250230"},"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/442897598931040","repostId":1180063405,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":3,"repostSize":3,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}