The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
Media: Trump plans to cancel electric car subsidies, Musk welcomes it.
①According to reports, Trump's transition team plans to cancel the electric autos tax credit policy introduced by the Biden administration; ②Tesla has informed Trump's transition team that they support the subsidy cancellation.
Faraday Future Enters Comprehensive Strategic Licensing Agreement With Grow Fandor; Receives Initial $250,000 Annual License Fee
Express News | Faraday Future: Will Financially Benefit From an Annual License Fee and Additional Licensing Royalties
Express News | Faraday Future: Will Not Be Required to Contribute Any Resources for Development of Branded Products
12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth Driver
Express News | Faraday Future announced that its subsidiary, Faraday X (FX), has signed a product development and delivery agreement for a series of models with a top-tier OEM, jointly advancing the development, testing, regulations, supply chain, production planning, a
Faraday Future Subsidiary Faraday X Signs Definitive Agreements Relating To Two Planned Products With Top Original Equipment Manufacturers
FF Successfully Signs Definitive Agreements With Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025
Faraday Future’s FX Subsidiary Appoints Xiao (Max) Ma Global CEO of Faraday X
FF's second brand appoints a global CEO. The first car is expected to roll off the production line by the end of 2025.
On November 11th, Gelonhui announced that Max Ma, a long-term employee of Faraday Future, has been appointed as the global CEO of its wholly-owned subsidiary Faraday X aiEV Inc., reporting directly to FF Global CEO Matthias Aydt and founder and chief user ecosystem officer Jia Yueting. Faraday Future officials said that following the FX brand launch event on September 19, the FX project has made significant progress. The company has signed two strategic framework agreements and two memoranda of understanding, aiming to promote range-extended AIEV in the United States and the Middle East region, and further.
Express News | Faraday X appoints Ma Xiao as global CEO
Faraday Future's FX Subsidiary Appoints Xiao (Max) Ma Global CEO of Faraday X
Things Are Getting Weird for EVs After Trump's Win -- Barrons.com
10-Q: Q3 2024 Earnings Report
Reported Earlier, Faraday Future Announces Collaboration With JC Sportline, Showcases Two Enhanced FF 91 2.0 Models At SEMA Show
Express News | Faraday Future announced a partnership with the professional performance parts manufacturer JC SPORTLINE.
Gelonghui November 8th | Faraday Future announced cooperation with the professional performance parts manufacturer JC Sportline.
Gelonghui November 8th | Faraday Future announced cooperation with the professional performance parts manufacturer JC Sportline.
Faraday Future Announces Collaboration With Specialized Performance Parts Manufacturer JC Sportline