Analyst: Trump tax bill could cause $1.2 billion loss to Tesla

Odaily Planet Daily reported that by the end of this year, Trump's massive tax bill will largely cancel up to $7500 in tax credits for some Tesla models and other electric vehicle buyers, seven years earlier than originally planned. Morgan Stanley analysts have stated that this will have a impact of approximately $1.2 billion on Tesla's annual profits. After leaving his official advisory position at the White House last week, Musk has been blocking the president from signing the tax bill, calling it "disgusting". Musk has been lobbying Republican lawmakers, including directly calling on House Speaker Johnson to preserve the electric vehicle tax credit in legislation. (Golden Ten)