GM takes a $1.6 billion hit as EV tax credit ends and it rethinks its strategy
GM’s $1.6 Billion EV Strategy Pivot Amid Tax Credit Loss and Market Realities Market Shifts Force GM’s Strategic Reassessment General…
Tag: Electric vehicle
Tesla’s Affordable EVs Exceed $35K Price Point Amid Policy Challenges
Tesla’s newly launched standard Model 3 and Model Y start at $36,990 and $39,990 respectively, remaining above Elon Musk’s $35,000 target. Industry experts point to US trade policies, tariffs, and supply chain challenges as key factors preventing more affordable electric vehicle pricing.
Tesla’s newly announced “standard” Model 3 and Model Y electric vehicles continue to exceed the $35,000 price point that CEO Elon Musk previously targeted, with the vehicles starting at $36,990 and $39,990 respectively. Despite being $5,000-$5,500 cheaper than flagship versions, these models failed to excite investors as Tesla shares dropped approximately 4.4% following the announcement. The pricing challenges highlight broader issues within the electric vehicle industry and US policy landscape that continue to impact affordability.
US EV Policy Creates Supply Chain Headwinds
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