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 financially struggling Tesla are arguing for its continuation.

President Donald Trump blamed billionaire Elon Musk's public criticism of the Republican-led spending bill on the decision to eliminate consumer tax credits for electric vehicles. He added that he was unsure if he would continue to have a great relationship with Musk,

Sales of electric vehicles in the U.S. will increase a bit in 2025 as Tesla weathers a storm, but both are likely to achieve solid growth through 2030.

China-made electric vehicle sales fell 15% Y/Y in May 2025, totaling 61,662 units, Reuters reported, citing data from the China Passenger Car Association (CPCA). This figure includes both domestic sales and exports of the Model 3 and Model Y vehicles manufactured at its Shanghai plant.

A decline in Tesla's China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker's sales woes were compounded by brutal price wars in the world's largest auto market. Deliveries of China-made Model 3 and Model Y vehicles,

Shares of Elon Musk’s electric vehicle maker fell sharply Thursday as investors feared his dispute with President Donald Trump will hurt the company. Tesla closed down more than 14% as a

Traders dumped Tesla after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill.

"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.