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They’re Not Taking THIS Seriously webfi network



The Biden administration’s new electric vehicle and battery component tax credits will shock the industry and flip it entirely on its head. Elon Musk has been adamant that there be no subsidies for any type of vehicle or energy manufacturer. But as it turns out, companies such as Tesla and General Motors who had lost the $7500 tax credits, will no once again be eligible, while other EV makers who had credits, may no longer qualify. This is a massive tailwind for Tesla to seriously dominate the EV industry in the US. Tesla already has a massive share, and thanks to vertical integration, they manufacture batteries, battery packs, vehicles, and energy products – all of which will generate huge credits to bolster Tesla’s earnings. #tesla #ElonMusk #biden #inflationreductionact

• Tesla Could UNLEASH Full Production for the First Time: https://youtu.be/K6ZYWK1c_Js
• Something BIG is Happening at Tesla: https://youtu.be/SXzKq5PQF5s

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44 Comments

  • TMIO Tesla on September 18, 2022

    Do you think Biden's Inflation Reduction Act will lead to massive increased profitability at Tesla? And what will it take for Wall Street to begin factoring these new tax credits into Tesla's valuation? Be sure to watch:
    • Tesla Could UNLEASH Full Production for the First Time: https://youtu.be/K6ZYWK1c_Js

    • Something BIG is Happening at Tesla: https://youtu.be/SXzKq5PQF5s

    Visit our website https://themarketisopen.com for instant stock quotes and financial data

  • Roger Van Brunt on September 18, 2022

    I think batteries and chips are important tech that needs to be developed here.

  • Tom Crouchman on September 18, 2022

    Demonrats(democrats) are brainless, racist racial profiling, blind hating, brainwashed by legacy media, big tech, hollywood, TDS suffering fools who voted and allowed massive cheating by all those already stated for this government. Enjoy what you did to us all.(Canadian here).
    The world is on fire because of you idiots.
    I will enjoy my Tesla stock that's going to skyrocket now. Hopefully it will help my family survive the future that you have given us.

  • Albert Baaren on September 18, 2022

    just out of curiosity ..Themarket isopen.. all nice and fun.. but the news section hasnt been updated 4 years strait… energy tab shows topics from 2017…Politics tap itemditto…. tell me why is this website remotely intresting if its dead for up to 5 years?

  • R Coleman on September 18, 2022

    Nice job.

  • Howard Johnson on September 18, 2022

    I vote for ELON MUSK not bucket

  • Howard Johnson on September 18, 2022

    NOTHING about bucket is real

  • Larry Berry on September 18, 2022

    The main driver of inflation is the supply of energy and goods being curtailed for whatever reason. The Biden plan attacks the main one of those issues, which also has the benefit of attacking global warming.

  • Larry Berry on September 18, 2022

    The main driver of inflation is the supply of energy and goods being curtailed for whatever reason. The Biden plan attacks the main one of those issues, which also has the benefit of attacking global warming.

  • Jan Bruun Andersen on September 18, 2022

    Well, actually…. Spending government/tax payers money on EV subsidises does not automatically increase the money supply = inflation. After all, the money already exists. It is just being shuffled around.

    Now, if the government prints new money = loan it from the federal bank, or loan it on the international market, that is a different story. Or if the shuffling prevents the government from paying back some debt = removing money from the market. But we do not know that, so simply stating that the subsidy increases the money supply and inflation is inaccurate.

  • brownbodyewb on September 18, 2022

    One idea you present as factual in this video is the monetarist theory of inflation being caused solely by expansion of the money supply. There is a loose correlation, however, then why is it ,that we had a period of low inflation and low interest rates for most of the last 40 years, until quite recently, despite years of monetary expansion ? This way you present this information is misleading and simplistic . You should recognize that this is an issue of considerable debate among economists. And there is still substantial debate as to whether this inflation didn't result from a more complex set of factors, including the pandemic, supply chain disruption and energy disruptions.

    My other point is that while the IRA may be a misnomer, it may indeed produce significant long term economic benifit for the USA which may at least partially offset its costs. I would rather be spending this money in this area which may benefit the planet rather than giving fossil fuel subsidies.

    a nice summary is found here: https://youtu.be/zxwO4xw4CZ0

  • Gary Inman on September 18, 2022

    Tax credits for EVs is absurd. Car makers cannot meet the demand without credits. It is fixing a problem that doesn't exist.

  • Brian Denison on September 18, 2022

    And the stupidly goes on!

  • Navigator USCG on September 18, 2022

    And here is your gas savings…. I ask you EV'ers who is going to buy your car after many years of use without replacing the battery?

    How much is a replacement battery for a Tesla?

    between $13,000 and $14,000

    How much does a Tesla battery cost? Tesla battery replacement cost varies depending on the labor and parts needed. Typically, the most basic battery replacement in tesla costs between $13,000 and $14,000. For the Model S premium sedan, replacing a Tesla battery costs around $13,000-$20,000.Mar 17, 2022

  • Navigator USCG on September 18, 2022

    Another plus for EV's….
    How well do electric cars work in cold weather?

    According to AAA's “Cold Weather Can Cut Electric Car Range by Over 40%”, EVs often lose 12% of their range in cold weather, but the loss leaps to 41% with the heater on full blast.

  • 777Outrigger on September 18, 2022

    The obscene spending of the Biden administration causing the Fed to raise interest rates is akin to stepping on the accelerator and jamming on the brakes at the same time.

  • ZEMTEK on September 18, 2022

    Never thought I would think one of your videos would suck. You are 100% absolutely wrong about what causes inflation. Its corproate greed that causes all the inflation. They think just becaue there is more money in the system they should raise the prices of their products which is just fucking stupid and greedy. What we really need to do is do away with personal income and property taxes and then just tax large corporations and then the large corporations can figure out how to pass that expense onto their customers. Not only would this make life way more enjoyable to the common people it would hold large corporations responsible for the areas they wish to do business in. This would also save our govenment billions on the IRS. Then the money we save on the IRS we can invest in going green.

  • Tom Villars on September 18, 2022

    Assuming the GOP regains the majority in both the House and then Senate, I don't see these incentives lasting for more than a year or two. Biden could always veto any rollbacks, but if the GOP attaches it to so called "must pass" legislation it could get politically messy really fast. Past 2025, this will all be rolled back which for Tesla will be a good thing as this law is primarily a hail mary for the legacy automakers.

  • M E Dennis on September 18, 2022

    The IRA was designed to do one thing; put money into GMs pocket in exchange for doing literally nothing. When the smoke clears, Bidens cronies will do whatever it takes to disqualify Tesla. Mark my words.

  • aFPV on September 18, 2022

    Volume is too low. :/

  • Bob Dyck on September 18, 2022

    Great presentation. Thank you so much

  • Gordon Warlow on September 18, 2022

    The government has grown accustomed to spending imaginary money. They live in a dream world when it comes to spending what they don’t have. Just look at the national debt. Quickly though… 😉

  • Francois Beauregard on September 18, 2022

    Actually, if you generate more batteries for transport, some of those will end up in semis and this will lower the cost of shipping and receiving goods, thus lowering inflation, not only that but if farm equipments starts using batteries instead of gas, you end up with lower cost to produce food. Add batteries to the grid and you stabalize it, lowering the costs of backups for productions, another cost lowering over time. It is not going to happen overnight, but it is a mighty good step in the right direction…

  • Robert Renner on September 18, 2022

    You failed to mention that “inflation reduction act” includes a 15% tax on ALL businesses NOT paying taxes now. Worth about $700,000,000 in new taxes.

  • Anthony Daxis on September 18, 2022

    There is no need for a Tax Credit and everyone knows this is just an initial 'bailout' funds laundering scam in disguise for companies like GM. Tesla already has had to raise prices for managing extremely high demand, so this will not benefit Tesla At All. It will only cause them to have to raise prices further in order to control extreme demand and long waiting lists. This is why the democrat communists are doing it, because it will in practicality have very little benefit for Tesla and possibly benefit legacy auto instead – but again this is just giving them early bail-out money in disguise – Government Money laundering, which is totally not surprising with this corrupt Biden administration. Further, they are trying to call it an 'Inflation Reduction Act' (which is another lie) but this is designed to sound byte and deceive the people of it's true contents. Everyone needs to do their own research.

  • Michael Herder on September 18, 2022

    It doesnt reduce inflation. It doesnt reduce the price of the vehicle. It just changes who pays for it. And since moral hazzard increases demand, it also increases inflation. It might be good for Tesla shareholders, but that doesnt make it anti-inflationary.

  • Kenneth Foster on September 18, 2022

    Like his son he and his whole cabinet IS ON CRACK!🤦🏿‍♂️

  • Lord Moriancumer on September 18, 2022

    I think that the Fed Gov is in for a shock when they realize that they are now oblicated to hand out 100's billions over the next 5-10 years to Tesla!

  • W on September 18, 2022

    I wounded does Biden and his democrats view sodomy as normal human behavior and abortion as collateral damage for sinful behavior.

  • Ray Arias on September 18, 2022

    Let’s see if Elizabeth Warren is listening to Elon Musk regarding the EV incentive’s, so that she will not go around saying that Tesla is only succeeding because the government incentives. She is so full of doo doo.

  • Francis Lau on September 18, 2022

    Thanks for your analysis!

  • P Schmied on September 18, 2022

    Tesla's mining and refining lithium in the US won't hurt it either.

  • Daniel Purdy on September 18, 2022

    As long as Biden admin continues to pass multiple trillion dollar bills a year inflation will remain high. And $500B to $1 trillion in his unconstitutional student loan hand out.

    More debt as rates rise making borrowing for the Govt more expensive. Imagine in just a few years the debt alone will cost $1 trillion just in interest payments.

    The US will soon lose the reserve currency and our standard of living will collapse even more.

    This is why balanced budgets matter so much.

  • Daniel Purdy on September 18, 2022

    ICE cars and factories already exist. Any money spent to simply move to EV is a complete waste of money and dead economically. Pushing money into an industry that can already effectively manufacture tens of millions of ice cars a year.

    Carbon capture can offset so called pollution. Spending trillions on EVs is ridiculous. We don’t even have the electrical grid to transition at even a 1% increase per year. Plus most of the energy in the US will remain natural gas and coal.

  • Flat Cap Cafe Racer on September 18, 2022

    If I was Tesla I wouldn't be talking too much about good this bill is for Tesla . The government really doesn't like Elon or Tesla which isn't good for business but fortunately the government isn't that smart.

  • Ollikk Ikk on September 19, 2022

    LMFAO 🤣 This is a bailout for GM and Ford. This will increase inflation for everything else. EV prices would have decreased anyway when Tesla reaches Master Plan III, without this Inflation Bill. I remember Brandon said China was NOT a threat, he must be lying before or lying now.

  • G K on September 19, 2022

    Designed to exclude the Tesla Model Y from tax credits

  • daniel Gordon on September 19, 2022

    Inflation Induction* Act

  • Graham Brown on September 19, 2022

    I think they based the battery credit on the current $100+ cost of a battery pack, AND Mary Led Barra claim GM will make more EV’s than Tesla by 2025 🤷🏻‍♂️
    But what happens when Tesla halves that cost with 4680 cell manufacturing and structural packs?

  • Raw and Cooked Vegan on September 19, 2022

    If disruptive technology is deflationary, then supporting it is deflationary.

  • John Poldo on September 19, 2022

    Are any MBA students looking at Biden’s Inflation Reduction Act? All of the spending in these programs contradicts what you learn in macroeconomics.

    It makes no difference whether the public sector or government spends billions of $$. Either one puts more money into the economy causing increased demand resulting in higher prices and inflation.

  • John Poldo on September 19, 2022

    I feel it’s a mistake to place a cap on EV price to receive a rebate. Some people may want an EV with 400+ mile range and without incentive will buy an ice vehicle. However, it does provided an incentive for manufacturers to price sedans under $55K.

    My favorite aspect of this program is incentive for US battery production. I will not buy high ticket items such as a Chinese battery or motor.

  • Pete H on September 19, 2022

    ….Why buying Tesla shares might be a great idea …$12 Billion in profit or about $200.00/share value. wow. Cannot believe this almost….Wall Street, are you getting this???😃

  • Pete H on September 19, 2022

    IRA= INSANE PROFIT GROWTH 4 TESLA!! TGTBT: No. This is just good for Tesla.

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