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Tesla (TSLA.US) faces "betrayal" in its hometown and may be excluded from California's new electric vehicle tax credits.
California Governor Gavin Newsom's office said on Monday that if President Trump cancels federal tax credits for buying electric autos, Tesla's electric autos may not qualify for California's new state tax credit exemption proposal.
The "Trump Buff" is ineffective? ubs group: Tesla's fundamentals are not keeping up, and the stock price is expected to drop by more than 30% in the future!
① Analysts at ubs group believe that Tesla's stock price may adjust, as its fundamentals do not support the recent surge in stock price; ② The firm maintains a "sell" rating with a target price of $226, indicating that Tesla's stock price has about a 33% downside potential.
Tesla Stock Falls 4% on News of Exclusion From California EV Tax Rebates
RBC Capital Remains a Buy on Tesla (TSLA)
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Tesla Would Likely Be Excluded From New California EV Tax Credits -governor's Office Says
Rivian has secured a conditional loan of 6.6 billion dollars to build an electric auto factory in Georgia.
The us electric vehicle manufacturer Rivian announced on Monday that it has received conditional approval for a loan of up to 6.6 billion dollars from the us energy department to build a production facility in Georgia. The company stated in a release that the Georgia factory is scheduled to begin operation in 2028, planning to produce future models such as the smaller and cheaper R2 SUV and R3 crossover. Rivian's stock price has dropped about 50% this year, as the company has been working hard to produce spacious electric SUVs and pickups, while also addressing issues related to parts shortages and trying to cut costs. To save cash and accelerate the R2.
China EV Insurance Registrations for Week Ending Nov 24: Nio 4,000, Tesla 16,700, Xiaomi 4,600, BYD 95,900
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Under the dual pressures of 'price wars' and electrification transformation, this year will see 4,000 4S stores close down. Traditional dealers are 'abandoning' rbob gasoline vehicles and embracing new energy.
① The deputy secretary-general of the China Automobile Dealers Association, Lang Xuehong, recently predicted that the number of 4S stores expected to withdraw from the market this year will reach 4,000. ② In the past year, more than 40 traditional luxury brand dealers have chosen to switch to Nio. ③ Zhongsheng Hldg announced that it has signed a preliminary agreement with Chongqing Sokon Industry Group Stock, and both parties agree to further negotiate on the cooperative distribution of new energy fund.
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