Tesla stock rallies as US boosts EV tax credit and China sales jump amid price cuts

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Elon Musk in front of a Tesla
Elon Musk in front of a Tesla

Getty

Behind the EV price war is an all-out battle for the future of customer loyalty in the car business — and it could mean more discounts on the horizon

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2021 Ford Mustang Mach-E.
2021 Ford Mustang Mach-E.

Tim Levin/Insider

You don't need an electric vehicle with a long range — buy one you can afford instead

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Electric cars are too expensive because Americans insist on having more car than they need

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Pickup truck
US car-buyers love their trucks and SUVs, but they don't love the prices of electric ones.

Joe Raedle/Getty Images

An EV pricing war could be just what electric car-makers — and buyers — need right now

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2021 Ford Mustang Mach-E.
The pricing battle that the industry is seeing between Tesla and Ford might be good for automakers' $1.2 trillion push into electrification through 2030.

Tim Levin/Insider

Tesla and Ford's EV price cuts make no sense, but Elon Musk has the edge over his rivals due to scale, Bank of America says

Tech Insider : Business
elon musk hands up
Tesla CEO Elon Musk.

Robyn Beck/AFP/Getty Images

Don't expect price cuts on GM's $100,000 electric Hummer, despite EV discounts from Tesla and Ford

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2023 GM Cadillac Lyriq start of production
GM said Tuesday it won't respond to the recent EV price cuts from Tesla and Ford.

JD Adams for General Motors

Nissan has a plan for used Leaf batteries: powering buildings

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2021 Nissan Leaf.
Nissan and startup Relyion just announced a partnership to repurpose old Leaf batteries.

Nissan

Elon Musk met senior Biden officials to discuss working together to ramp up EV production

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A diptych of President Joe Biden and Elon Musk
Elon Musk met with two senior Biden advisors.

Samuel Corum/Getty Images, Taylor Hill/Getty Images

Lucid spikes 98% on speculation Saudi investment fund may buy out remaining stake in the EV maker

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Lucid Air
Lucid Air

Lucid Motors

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