Because EVs are better cars. All EVs are quieter and smoother than equivalent internal-combustion products, and the true ...

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It wasn’t long ago that Tesla CEO Elon Musk was advocating for ending the $7,500 tax credit for buyers of electric vehicles. “Take away the subsidies. It will only help Tesla,” he said in a ...

It could also affect the finances of the beleaguered Tesla. In a note to clients Thursday, JPMorgan estimated that the loss of the EV tax credit could cost Tesla about $1.2 billion annually.

Tesla’s worsening financial situation Tesla did not respond to a request for comment. However, Musk’s shift on the EV tax credit likely reflects changes at Tesla since late last year.

Tesla can profitably produce its EVs, so at the time, Musk seemed fine with Congress potentially pulling the EV tax credit benefit. But Musk has been changing his tune.

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now ...

By Chris Isidore, CNN (CNN) — It wasn’t long ago that Tesla CEO Elon Musk was advocating for ending the $7,500 tax credit for buyers of electric vehicles. “Take away the subsidies.