Tesla Stock: Ready to Reverse? California Tax Credit Repeal Proposal Looms
Tesla’s recent price surge has been remarkable, breaking through the 200-250 dollar resistance and closing near 340. However, with California Governor Newsom pushing for a repeal of the 7,500 dollar federal tax credit, could this be the catalyst for a reversal? How much does this tax credit actually influence Tesla sales in California, and will a potential repeal significantly impact demand? Considering Elon Musk’s previous reactions to California policies, and his relocation of SpaceX and X to Texas, what will his response be this time? Is this another strategic move by Newsom, or a genuine attempt to address budgetary concerns? Where do you see Tesla stock heading in the short term, and what other factors besides this potential tax credit repeal might influence its trajectory? Let’s discuss the potential impact, the likelihood of the repeal passing, and what this means for Tesla investors. Is this a buying opportunity, a time to take profits, or simply a bump in the road for Tesla’s long-term growth story?
Tesla Stock: Ready to Reverse? California Tax Credit Repeal Proposal Looms
Tesla’s recent price surge has been remarkable, breaking through the 200-250 dollar resistance and closing near 340. However, with California Governor Newsom pushing for a repeal of the 7,500 dollar federal tax credit, could this be the catalyst for a reversal? How much does this tax credit actually influence Tesla sales in California, and will a potential repeal significantly impact demand? Considering Elon Musk’s previous reactions to California policies, and his relocation of SpaceX and X to Texas, what will his response be this time? Is this another strategic move by Newsom, or a genuine attempt to address budgetary concerns? Where do you see Tesla stock heading in the short term, and what other factors besides this potential tax credit repeal might influence its trajectory? Let’s discuss the potential impact, the likelihood of the repeal passing, and what this means for Tesla investors. Is this a buying opportunity, a time to take profits, or simply a bump in the road for Tesla’s long-term growth story?
- By Anonymous