Tesla shares crashed amid a Republican bid to kill off the electric car tax break.
Didn’t help that the automaker’s financial results also sucked
Tesla’s share price took a dive Thursday morning as Republicans in Congress revealed they were planning to kill off a US federal tax credit for electric vehicles.
The proposed House tax bill calls for an immediate repeal of the $7,500-per-vehicle credit: something that would have an immediate knock-on impact for Tesla given that it only produces electric cars.
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