From: Sr K | 8/8/2022 10:14:27 PM | | | | Tesla, EV Makers Stand to Get Billions for Factories From Senate Bill
Industry says new manufacturing requirements and income limits could jeopardize $7,500 tax credit for many buyers
Ford’s Rouge Electric Vehicle Center in Dearborn, Mich. The company’s Lightning EV pickup has a starting price around $40,000.PHOTO: REBECCA COOK/REUTERS
By Mike Colias
Aug. 8, 2022 6:14 pm ET
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The Senate climate bill passed over the weekend offers billions of dollars for electric-vehicle and battery factories, and includes rules that the auto industry says will make it tougher for some consumers to qualify for EV tax breaks.
The bill, which passed 51-50 on Sunday, sets aside more than $15 billion to retool factories and build new ones, according to industry groups. The measure aims to help traditional auto makers, startups and suppliers as they grow their facilities to collectively roll out dozens of EV models in the next couple of years.
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From: Savant | 8/9/2022 10:29:54 AM | | | | BA.5 is on the march in China, ratcheting anxieties that major cities there may soon re-enforce strict lockdown measures that were only recently lifted. And the same variant has become the dominant strain in the United States, where it accounted for 65% of new infections last week, according to the Centers for Disease Control and Prevention |
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From: Eric | 8/9/2022 6:43:23 PM | | | | California Love: Tesla Model Y, Model 3 Are State's Best-Selling Cars
The Tesla Model Y was California's best-selling vehicle overall in the first half of the year, with the Model 3 a close second.

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From: Sr K | 8/9/2022 10:02:35 PM | | | | Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock
The billionaire had said just months earlier that he planned no further Tesla stock sales
Elon MuskPHOTO: JONATHAN NEWTON/THE WASHINGTON POST/GETTY IMAGES
By Rebecca Elliott
Aug. 9, 2022 9:50 pm ET
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Elon Musk sold nearly $7 billion worth of Tesla stock in recent days, regulatory disclosures show, just months after saying he wasn’t planning to sell additional shares in the company.
Mr. Musk sold around 7.9 million shares between Friday and Tuesday, regulatory filings show.
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