Day-to-Day Tough Tesla News Summary

Day-to-Day Tough Tesla News Summary

1. U.S. Republicans announce early termination of EV tax credits
   The U.S. Senate Republican Party has announced amendments to former President Trump’s tax cuts and spending legislation. As a result, it will advance the end of the $7,500 tax credit for new electric vehicles from Dec. 31, 2025, to Sept. 30, 2025, and the $4,000 tax credit for used electric vehicles will also end. The previous version required 180 days for new vehicles and 90 days for used vehicles to end immediately after the bill was signed.
2. Elon Musk Strongly Resists Senate Amendment
   Elon Musk has strongly criticized the Senate amendment as “completely insane and devastating,” saying it would destroy millions of jobs in the U.S. and cause huge strategic damage to the country. He has pointed out that it severely undermines future industries while subsidizing them in the past.
3. Elon Musk Points Out Energy Industry’s Strategic Mistakes
   Elon Musk has warned that significant strategic mistakes are currently underway undermining the solar and battery industries, which will leave the U.S. extremely vulnerable to the future.
4. Elon Musk Emphasizes Battery Importance in AI Learning
   Elon Musk has said batteries are essential to mitigate power fluctuations and power grid voltage drops in AI learning. “Even a slight change in power stops AI learning,” he explained.
5. Tesla Approaches Completion Of First LFP Cell Plant In North America
   Tesla announced that its first LFP (Lithium Iron Phosphate) cell manufacturing plant in North America is nearing completion. In doing so, it plans to reduce its reliance on Chinese-made LFP batteries and strengthen its battery supply chain.