Some controversy has resurfaced in the stock market as President Trump rolled out the One Big Beautiful Bill, which will likely create a new wave of debt to be added to the United States economy. However,

Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

Consumers may rush to lease or buy an electric vehicle this summer to qualify for a federal tax credit that ends after Sept. 30.

The legislation cuts off federal tax credits for electric vehicles and residential solar by the end of the year.

STORY: The dispute between Republican President Donald Trump and Tesla CEO Elon Musk escalated on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump’s tax-cut and spending bill would bankrupt America.

With shares down 21% year to date, Tesla ( TSLA 0.04%) is reeling from a combination of weakening electric vehicle (EV) demand, political uncertainty, and a CEO who seems to have misplaced priorities.

Tesla's CEO has proved once again that investors in his EV company would prefer that he stay out of politics and focus on the business.

In a week that began with the rekindling of an on-again, off-again feud between President Donald Trump and fellow billionaire Elon Musk, newly released sales figures show Musk-owned Tesla Inc. is continuing to lose its position of dominance in the global electric vehicle market.

Trump, making his first comments on Musk’s criticism of his bill during an Oval Office press conference, insinuated the Tesla CEO opposes his “One Big Beautiful Bill Act” because he is “upset” the electric vehicle tax credit was removed, adding he’s not sure he’ll remain friends with Musk and alleging Musk “knew the inner workings of the bill.”

The bill extends 2017 tax cuts and ends $7,500 EV tax credits in the fall. Analysts say the credit cut could decrease Tesla's sales volume even further. President Donald Trump's tax bill led to a ...

If you're planning to buy an electric vehicle, time is running out to claim a federal tax credit worth up to $7,500. The Clean Vehicle Credit, overhauled and extended through 2032 as part of the Inflation Reduction Act,