Tesla just crossed a major production milestone, but the leading EV-maker still has a long way to go to meet its ultimate goals and take on the growing competition. In a tweet yesterday, CEO Elon Musk beamed: “Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M.”
U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective. The White House said Biden will sign legislation to approve the $430 billion climate, health and tax bill on Tuesday. The bill restructures the existing $7,5000 new EV tax credit and creates a new $4,000 rebate for used EVs.
Warren Buffett's mentor, Benjamin Graham, literally wrote the book on value investing. Although Buffett doesn't strictly adhere to all of the lessons that Graham taught, he remains a value investor at heart. To be sure, Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns stakes in several companies that many investors would view as expensive.