Elon Musk donated more than $250mn to elect Donald Trump. In return he received a bill that could cost Tesla billions.
Trump’s “big, beautiful bill” puts at risk a crucial source of profit for Tesla by neutering rules that allow the electric-vehicle maker to sell billions of dollars of emissions credits.
The bill deepens a crisis for the company that is already reeling from plunging sales and the loss of EV tax incentives. The legislation provoked a furious response from Musk.
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