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Report: Trump's transition team will revoke Biden's electric vehicle and emissions policies.
According to Reuters, the transition team's plan includes eliminating the Consumer tax credit for Electric Autos purchases, imposing tariffs on all Battery materials globally, and withdrawing Biden's support for Electric Autos and charging infrastructure.
Trump Transition Team Proposes EV Policy Rollback
Express News | The Trump transition team plans to completely revoke Biden's electric Autos and emissions policies.
Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern
Nikola Options Spot-On: On December 13th, 155.41K Contracts Were Traded, With 1.47 Million Open Interest
On December 13th ET, $Nikola(NKLA.US)$ had active options trading, with a total trading volume of 155.41K options for the day, of which put options accounted for 36.88% of the total transactions,
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
Nikola Options Spot-On: On December 12th, 255.95K Contracts Were Traded, With 1.42 Million Open Interest
On December 12th ET, $Nikola(NKLA.US)$ had active options trading, with a total trading volume of 255.95K options for the day, of which put options accounted for 13.44% of the total transactions,
Nikola to Further Reduce Headcount as It Struggles to Stay Afloat - Report
'Nikola (NKLA) Confirms More Layoffs As It Desperately Tries To Avoid Bankruptcy' - Electrek
Nikola Shares Are Trading Lower Following a Report Indicating the Company Confirmed Another Round of Layoffs.
Jibang Consulting: In the third quarter, the total installed capacity of global electric vehicle traction power inverters reached 6.87 million units, an increase of 7% compared to the previous quarter.
In the third quarter of 2024, the total installed capacity of global electric vehicle traction power inverters reached 6.87 million units, which is a 7% increase compared to the previous quarter, but the growth rate has declined compared to the same period last year.
Nikola Options Spot-On: On December 9th, 179.21K Contracts Were Traded, With 1.36 Million Open Interest
On December 9th ET, $Nikola(NKLA.US)$ had active options trading, with a total trading volume of 179.21K options for the day, of which put options accounted for 66.18% of the total transactions, and
What's Going On With Nikola Shares Today?
Nikola Corporation Enters $100M Equity Distribution Agreement For At-The-Market Offering Of Common Stock
Express News | Nikola Shares Down 6.4% Premarket After Co Files for Common Stock Offering
Express News | Nikola Corp -Files Prospectus Relates to Resale From Time to Time by Selling Stockholders of up to 34.1 Mln Shares of Common Stock
Worried about Trump's policies, South Korean electric car battery manufacturers are reconsidering their investment plans in the United States.
Informed sources reveal that some south korean companies have slowed down or suspended some ongoing factory constructions due to concerns over a decrease in demand for electric autos and the policies that Trump is expected to implement.
Nikola Options Spot-On: On December 6th, 147.59K Contracts Were Traded, With 1.36 Million Open Interest
On December 6th ET, $Nikola(NKLA.US)$ had active options trading, with a total trading volume of 147.59K options for the day, of which put options accounted for 88.09% of the total transactions, and
A newcomer in the U.S. Senate claims to end subsidies for electric vehicles, allowing consumers to decide which models to purchase.
① Bernie Moreno, the incoming senator from ohio in the usa, stated that if he becomes the "autos czar" in the next Trump administration, one of his top priorities would be to eliminate the $7,500 tax credit for electric vehicles; ② Moreno emphasized that the "market should play a role," calling for an end to government intervention in businesses, and advocated for creating a favorable tax, regulatory, and labor environment for auto companies.
BMO Comments on US, Canada Vehicle Sales in November