Tesla, EV stocks down; tax credit subsidy set to expire September end
ReutersJul 7, 2025 6:38 PM
EV stocks including Rivian RIVN.O and Lucid LCID.O fall 4% and 3.3, respectively
Shares of General Motors GM.N fall 2.6% and Ford F.N down 2.4%
Federal EV tax credit is set to expire September-end
Tesla TSLA.O slumps 7.5% after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future
"The EV tax credit subsidy will now expire at the end of September, versus at the end of 2032. This will likely lead to lower near-term EV sales and affect all automakers who sell EVs," said Seth Goldstein, analyst at Morningstar
"Tesla is the umbrella stock for the EV space. Generally EV stocks price up into the Tesla valuation," said Craig Irwin, analyst at Roth MKM
TSLA down ~22% YTD
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Eurozone Inflation Gradually Recedes Will ECB Rate-Cut Window Open Again? 2026 Euro Exchange Rate Trend Forecast
TradingKey - After enduring three consecutive years of "high prices, high interest rates, high debt, and low growth," the Eurozone economy is finally demonstrating resilience through a moderate recovery. Currently, the European Central Bank (ECB) faces the ultimate test of maintaining the status quo versus implementing "preemptive rate cuts." Euro exchange rate volatility, inflation trends, and the economic outlook have become the primary focus for investors and financial enthusiasts when allocating overseas assets and capitalizing on currency opportunities.TradingKey
11 hours ago
AMD Stock Price Prediction 2030: Can AMD Narrow Nvidia’s AI Lead?
TradingKey - In the past couple of years, the semiconductor industry has experienced a major change. One question that investors still have is whether or not AMD (AMD) will be able to keep up with Nvidia (NVDA) as far as AI is concerned. What is the possible future of AMD's stock through 2026 and beTradingKey
15 hours ago
Bitcoin Price Prediction 2029-2035: Institutional Accumulation and the U.S. Treasury’s Strategic Reserve Pivot
Explore the 2026 Bitcoin landscape: From the U.S. Strategic Reserve and Michael Saylor’s $75B war chest to Cathie Wood’s 2030 forecast. Is BTC the new Digital Gold?TradingKey
Fri, Feb 13
This $1 Trillion AI Stock Is Getting Ready for 2026: Is Meta a Good Buy?
When ads and commerce are factored in, Meta is building a long-term platform—in Augmented Reality and smart glasses — to get us closer to the future of AI. This device hardware business is less profitable than ads right now, but it could grow the company’s ecosystem and open up new ways for it to maTradingKey
Thu, Feb 12
