📉 The new tax legislation driven by the Trump administration could uproot the $7,500 tax credit for certain Tesla models... seven years earlier than expected!
🔍 According to Odaily and JPMorgan analysis, this abrupt turn would leave Tesla with a projected loss of $1.2 billion annually in profits, seriously threatening its competitiveness and growth margins in the electric sector.
💬 Elon Musk, who recently resigned from his advisory role in the White House, has called the law "disgusting" and is now leading a political offensive, pressuring Republican lawmakers, including House Speaker Mike Johnson, in an attempt to keep the tax incentives intact.
📊 What does this mean for the crypto space and Web3?
The tax benefits were driving the energy transition, opening opportunities for blockchain-based projects and carbon tokens. A setback could hinder sustainable advancements linked to the Web3 ecosystem.
