For Slate possibly even bigger problem
Due to a package of measures presented this summer by US President Donald Trump, the need to build EVs suddenly falls away for American car manufacturers. That is good news for many of them, but particularly bad news for pure EV manufacturers such as Tesla and Rivian.
The measures in question fall under the ‘Big Beautiful Bill’. This is about much more than just cars, although the automotive industry can always count on a lot of attention when it comes to major economic measures. To begin with, the ‘BBB’ is putting an important subsidy for EV buyers in the US from 30 September. The Trump government formally holds on to the goals in the field of EV adaptation and emission reduction, but scraps the penalties for car manufacturers who do not meet that. In practice, the rules have therefore been deleted, because there are no more negative consequences for car builders who do not meet the goals.
The last measure is what it is about today. Just like in Europe, car -loving car builders were able to ‘buy’ their debt by buying ‘credits’ from car builders who operate well below the standard. In practice, these are car manufacturers who only build electric cars, and then Tesla will of course soon come into the picture. That brand also earns hundreds of millions in America with the sale of these EV credits, but that part of the income will soon disappear.
A glance at the most recent financial results of Tesla shows that the brand in the second quarter of this year ‘only’ $ 439 million in credits, less than half of the 890 million in the second quarter of 2024. With the also American EV-Startup Rivian we see a similar image of 2 Millard with the same. Dollar.
This knife also cuts two sides. After all, Carscoops rightly concludes that the amounts who were missed by Tesla and Rivian came from the pocket of manufacturers such as Ford, GM and Stellantis, who can now spend the same millions on strengthening their competitive position.
Slate
For smaller and especially fresher EV startups, the Big Beautiful Bill is even worse news. The most harrowing example is Slate, a company supported by Amazon boss Jeff Bezos that wants to storm the market with a remarkably simple and cheap EV. However, the chance of success of the Slate is largely dependent on the newly deleted Federal Tax Credit, which is needed to reach the promised starting price of $ 20,000. Without the subsidy, the Slate may suddenly cost 25,000 to 30,000 dollars, yet quite a lot of money for a very compact EV with a limited range and window garlands.
Possible An Even Bigger Problem for Slate
Due to a Package of Measures Presented This Summer by Us President Donald Trump, The Need to Build Evs Suddenly Disappes for American Car Manufacturers. That is good news for many of them, but particularly bad news for pure ev manufacturers like tesla and rivian.
The Measures in Question Fall Under the ‘Big Beautiful Bill’. It’s about much more than just cars, although the car industry always gets a lot of attention when it comes to major economic measures. To start with, the ‘bbb’ puts an end to an important subsidy for buyers in the us, and that from September 30. The Trump Administration formally adheres to the goals in the field of Ev Adaptation and Emission Reduction, But Scraps The Penalties For Car Doo Doo Doo Doo Doo Doo Doo Doo Doo Doo Doo Doo. In practice, The Rules Have Therefore Been Scrapped, because there are no more negative consequences for car manufacturers who do not meet the goals.
That last measure is what we are talking about today. Just like in Europe, Car Manufacturers That Rely Havily on Gasoline Engines Could ‘Buy Off’ Their Debt by Buying ‘Credits’ From Car Manufacturers That Operate Well Below the Standard. In practice, these are car manufacturers that only build electric cars, and tesla quickly comes into the picture. That brand also earns hundreds of millions in america from the sale of thesis EV Credits, but that part of the income Will Soon Disappear.
A Look at Tesla’s Most Recent Financial Results Shows That the Brand ‘Only’ Brought in $ 439 Million in Credits in the Second Quarter of this year, less than Half of the $ 890 Million in the Second Quarican Evture at the amerast at the AMERSASTure at the AMERSASTure at the AMERSASTUSTURE ATICASTure Sales is Increased From 2 Billion Dollars to a Maxim or 2.25 Billion Dollars.
Moreover, this Knife Cuts Both Ways. Carscoops Rightly Concludes That the Amount’s missed by Tesla and Rivian Came Out of the Pockets of Manufacturers Such As Ford, GM and Stellantis, Who Can Now Spend Those Same Millions On Strengthening Their Competitive Position.
Slate
For Smaller and Especiate Newer EV Startups, The Big Beautiful Bill is equally worse News. The Most Poignant Example is Slate, A Company Supported in Part by Amazon Boss Jeff Bezos That Wants To Take The Market By Storm With A Remarkly Simple and Inexpensive EV. However, Slate’s Chances of Success Depend to a Large extent on the recent Scrapped Federal Tax Credit, which is needed to achieve the promised starting price of $ 20,000. Without the subsidy, The Slate May Suddenly Cost 25,000 to 30,000 dollars, which is QUITE A BIT OF MONEY FOR A VERY COMPACT EV WITH A LIMITED RANGE AND Crank Windows.