The Congress passed the Inflation Reduction Act. Forget the catchy title, this was a renewable energy act.
Elon was against it, citing it as unnecessary and a waste of money. It is ironic that Tesla, no friend to the administration, is going to be the biggest winer in this.
In this video I discuss how we are about to see Tesla get a huge boost in earnings as every facet of their business is eligible for money.
▶️ 3Speak
Did you see the leaked image of cyber truck body castings?
https://www.teslarati.com/tesla-cybertruck-single-piece-rear-megacast-first-look-video/
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I think Tesla could become the world’s biggest car producer if it can build more factories. Musk wants to build a Tesla Gigafactory in Ontario which could build vehicles that qualify for the tax credit. Tesla is a fast-growing company that offers high value and generates enormous amounts of cash without the US tax credit. I expect more Tesla growth because of the tax credit.
Smart investors need to check out Tesla because Elon Musk’s company could grow into an industrial and automotive powerhouse.
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