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Tesla (TSLA) gets $475 price target and “Buy” rating from Benchmark

Teslarati

Tesla shares ( NASDAQ:TSLA ) have received a “Buy” rating and a $475 per share price target from Benchmark. times its 2028 earnings before interest, taxes, depreciation, and amortization (EBITDA), as noted in a Morningstar report. pre-mkt as Benchmark initiates TSLA with a Buy rating and $475 price target.

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Fisker Automotive to Buy Shuttered GM Assembly Plant for Project NINA Production

Green Car Congress

Fisker Automotive has selected the GM Wilmington Assembly plant in Wilmington, Delaware for production for Project NINA, the development and build of a family-oriented plug-in hybrid sedan costing about $39,900 after federal tax credits. Earlier post.). Fisker Automotive has signed a letter of intent with Motors Liquidation Co.

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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. The 10% down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. driving distances, etc.).

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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).

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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

GEM cars are eligible for incentives and tax credits from clean-air districts and other governmental agencies. The agreement to acquire GEM will officially close within the next 60 days once Polaris secures the required state sales certifications to sell GEM products.

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Chevrolet Volt MSRP Starts at $41,000, $33,500 Net of Full Federal Credit; 3-year Lease Program with Option to Buy

Green Car Congress

GM will introduce the Chevrolet Volt extended range electric vehicle with a starting MSRP of $41,000; after applying the Federal income tax credit of $7,500, the price drops to $33,500. Customer deliveries are scheduled to begin in launch markets late this year, with initial production of 10,000 units for the first year.

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Frost & Sullivan consultant suggests European EV success will require radical lightweighting plus enabling legislation

Green Car Congress

The future of electric vehicles (EVs) depends on regulations from governments and the European Union, incentivizing the consumer to buy them. Legislations for taxing weight size and engine power will help produce and sell such a car. The car of the future is a small city car, but not necessarily electric, Meilhan suggests.

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