Data: Tesla briefly falls below $312, dropping over 5%

According to market data, Tesla briefly fell below $312, with a decline of over 5%.

ChainCatcher previously reported, according to Jinshi, that institutions reported that by the end of this year, Trump's massive tax bill will largely eliminate tax credits of up to $7,500 for some Tesla models and other electric vehicle buyers, seven years earlier than originally planned.

JPMorgan analysts stated that this would deal a blow of approximately $1.2 billion to Tesla's annual profits. After leaving his official advisory position at the White House last week, Musk has been preventing the President from signing the tax bill, which he called "disgusting." Musk has been lobbying Republican lawmakers—including directly appealing to House Speaker Johnson—to retain the electric vehicle tax credits in the legislation.