Tesla share crash - not tax credits but earnings?
Nice correlation between the timing of the GOP proposal and the fall in the Tesla share price. Unlikely to be causal though given that Tesla is likely to move out of the applicable 200,000 vehicle limit on the tax credit within the next 6 months. A more likely cause of the share value drop is the unexpected results Elon Musk shared with respect to losses per share and Model 3 production.
This repeal proposal appears to be more typical of GOP traditional lobby support.
Biting the hand that feeds IT
