Following new guidance from the IRS and U.S. Treasury Department, Tesla on Dec. 13 said that, starting Jan. 1, its Model 3 Rear-Wheel Drive and Model 3 Long Range vehicles will no longer be eligible for the $7,500 federal tax credit. The current $7,500 tax credit eligibility will end on Dec. 31, Tesla said in updated language on its website. John Bozzella, president and CEO of Alliance for Automotive Innovation, said in response to the guidance that it is important for the U.S. to transition to domestically produced electric vehicle batteries...

Shares of Tesla Inc. inched 0.96% higher to $239.29 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ.....

Tesla is near key support amid a flurry of news, including Model 3 tax credit losses, an Autopilot recall and an updated Optimus humanoid robot...

Tesla’s [big recall](https://www.wsj.com/business/autos/tesla-recalls-more-than-two-million-vehicles-over-autopilot-safety-concerns-274eb6e6) hasn’t moved its shares much. On Wednesday, the National Highway Traffic Safety Administration recalled the vast majority of U.S. Teslas—more than 2 million vehicles in total—over concerns about the “autosteer” function. Controls that force Tesla drivers to remain attentive even as they rely on software and sensors to steer the vehicle “may not be sufficient to prevent driver misuse,” according to the recall notice...

Is that really such bad news for Tesla? * EV charging industry drives toward consolidation Tesla’s Autopilot recall U.S. auto safety regulators have pushed Tesla to recall more than 2 million vehicles and revise software to make it harder for drivers to keep Autopilot engaged when they are not paying attention or are operating outside the system’s design envelope. Tesla did not agree with the National Highway Traffic Safety Administration’s conclusion, after more than two years of investigation, that any action was necessary, according to a NHTSA document...

The recall highlights the risks of investing in Tesla. Read more to see my take on the impact of Autopilot Recall on TSLA stock...

(Bloomberg) -- The electric-vehicle industry that once spawned multibillion-dollar enterprises is becoming a difficult place for investors as growth rapidly slows.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneTesla Recalls 2 Million Cars to Fix Autopilot Safety FlawsGoldman Trader Paid $100 Million Since 2020 Is Stepping DownArgentina’s Milei Devalues Peso by 54% in First Batch of Shock MeasuresCOP28 Nations Reach First-Ever Deal to Move Away From Fossi...

TSLA may need a strong balance sheet, especially if the broader economy slows or contracts and demand for electric vehicles drops even further...