"General Motors beat economists' Q2 earnings estimates, in part due to a 111% surge in EV sales. Chevrolet took the No. 2 spot in the U.S. EV market in Q2, behind Elon Musk's Tesla."
"A lot of these states are getting these credit programs. Some people call it a race to the bottom, and I get that. But I'm from here and I'm telling you we have a chance to make really something cool."
Following a recent freeze in Canadian EV tax credits, Tesla is threatening to sue the Canadian government, alleging the move cuts the company off from $30 million in tax credits.
"Although it seems less likely to be part of this year's tax and spending cut package, President Trump's promise to lower corporate taxes could reduce the value of Low Income Housing Tax Credits [in California] by roughly 5 percent, or $250 million," said Matt Schwartz, the president and CEO of the California Housing Partnership, which helps affordable housing developers across the state.
The recent tax law changes provide entrepreneurs with legal strategies to reduce tax liabilities significantly, allowing for reinvestment in businesses while taking advantage of energy credits.