Yahoo Finance autos correspondent Pras Subramanian details which electric vehicles currently on the market may or may not qualify for the Inflation Reduction Act's EV tax credit.
Yahoo Finance Live's Seana Smith examines market movements heading into the day's final trading hour, especially the losses seen in the semiconductor industry, meme stocks, and the EV space.
The stock of Tesla (NASDAQ: TSLA) jumped today after Canaccord analyst George Gianarikas raised his price target for the electric vehicle company's shares and after the Senate passed the Inflation Reduction Act, which could give some electric vehicle (EV) sales a boost. Gianarikas raised his price target for Tesla's shares to $881, up from his previous price target of $815, and kept a buy rating on the stock today. The analyst believes that Tesla has a built-in advantage over other EV makers because of the company's lead in manufacturing, its ability to procure EV materials, as well as its autonomous vehicle technology, according to TheFly.com.