Tag: joe biden
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US stock futures hold near record highs as investors eye Biden-Xi talks, while Beijing’s mining warning pounds crypto
US President Joe Biden and Chinese President Xi Jinping at their virtual meeting. Tingshu Wang/Reuters US stock futures drifted, as investors focused on talks between US President Joe Biden and Chinese premier Xi Jinping. Stocks have been rattled of late by concerns over inflation that pushed up government bond yields. The crypto market took a…
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Elon Musk Asks Followers If He Should Sell $21bn Tesla Stock
Alamy Elon Musk has proposed the sale of 10% of his Tesla stock, taking to Twitter to let his 62.5 million followers decide. Musk’s proposition follows a ‘Billionaires’ Tax’ proposed by Democrats in the US senate. The tax would help pay for US President Joe Biden’s social and climate change plan. The Tesla CEO, who…
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Tesla Wants Bigger Penalties For Carmakers That Don’t Meet Fuel Economy Requirements
Tesla is urging the Biden administration to hike civil penalties for car manufacturers that fail to meet fuel economy requirements. The National Highway Traffic Safety Administration (NHTSA) issued a notice on August 18 that it could impose higher penalties for prior model years to car manufacturers that couldn’t meet fuel efficiency requirements. Before it does…
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White House May Have Snubbed Tesla At EV Event Because Of Attitude Towards Unions
To announce its new plans to push automakers to make 50 percent of their vehicles fully electric by 2030, the White House held a press conference with executives from Ford, GM, and Stellantis. Notably absent from the event was anyone representing Tesla. As the biggest American manufacturer of EVs, the snub didn’t go unnoticed by…
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Biden’s American Jobs Plan Calls For $100 Billion In EV Tax Credits
New details have emerged concerning President Biden’s $2.3 (£1.6 / €1.9) trillion infrastructure proposal known as the American Jobs Plan. While the White House had already confirmed the proposal comprised $174 (£126 / €146) billion into “win the EV market,” particulars were lacking as the statement simply called for lending “consumers point of purchase rebates…
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Biden’s infrastructure plan is a ‘green tidal wave’ that will revive the EV sector after its recent pullback, Wedbush says
Drew Angerer/Getty Images Wedbush's Dan Ives states Biden's infrastructure plan will probably be a "green tidal wave" for the EV sector. Ives sees roughly 10 percent approximately $200 billion of the plan moving to EV initiatives. The analyst anticipates an expansion of tax credits "to the 10k range or possibly higher. " Sign up here…
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Elon Musk said the Biden administration rejected his idea of a carbon tax as ‘too politically difficult’
Tesla CEO Elon Musk. Yasin Ozturk/Anadolu Agency via Getty Images Tesla CEO Elon Musk said he suggested a carbon tax to the Biden administration. The idea was rejected as being “too politically difficult,” he said on the Joe Rogan Experience podcast. Musk has advocated a carbon tax since 2015. Visit the Business section of Insider…
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The climate is our biggest threat. Carl Pope is fighting to change our fate
Michael Bloomberg is a unrepentant capitalist who, since he states at his 2017 novel A Climate of Hope, is ldquo;not just your stereotypical environmentalist. ” Yet over the past decade, Bloomberg is now arguably the biggest environmental philanthropist on the planet — particularly given the $500 million investment Bloomberg declared last month he would shortly…