But we can expect legacy car makers to back away from EVs as fast as they can. Tesla will remain, since it is all electric, but its sales will plummet. Sales are already crashing in the EU, and China will soon push them out of the market.

But Tesla will rebound soon in the future.

Musk has pretty much trashed the brand and failed to deliver too many times. It is now a meme stock, trading about an order of magnitude or more above its actual value. California is now after it for fraud, and it lost a major lawsuit about a month ago to the tune of a quarter of a billion, and been found to have hidden evidence. This is opening up the flood gates for other liability suits. At some point, there will also be a class action suit by owners who paid for FSD and will never get it.

The Model Y is the world's best selling car, and they deliver just fine (although Musk is a bit too optimistic at times). Tesla will continue to rise and be the world's leader in EV's.

Not sure what you mean by this:

to make good on his promises since 2018. FSD went Beta in 2020 and still doesn't work 5 years later. I have seen dozens of updates in that time, and my M3 still makes the same mistakes in exactly the same places despite the updates. So, no actual progress. Tesla has admitted that HW3 will NOT be able to run FSD, even if they figure it out, and they will not update the hardware to what is needed. They have also tacitly admitted that HW4 will not work either, and Musk is not talking about chips for HW6 and beyond, while still having failed to deliver FSD.

Tesla has been caught lying to courts about data on crashes, which is one reason they lost the suit for a quarter of a billion dollars.

Add to all of this that Musk is becoming more erratic due to delusional thinking, drug use, and his embrace of fascist/Nazi ideology, plus his literal attempts to incite insurrection in the US, UK, and Germany, and I see a company with no future.

Oh, and he went to China, trained all of the local engineers on Tesla's proprietary tech, who then left to take that IP to Chinese companies where they are now making better, cheaper EVs than Tesla.

What was the vote? Was it filibustered?

repukes want the earth to burn because it will hasten Jesus' return, so they chose to subsidize oil & gas instead.

It was a Reconciliation Bill.

...or try to. Each maker could probably cut their prices somewhat to approach that $7,500 credit.

https://russblib.blogspot.com

He can now with the pay that he just got.

oh, wait, never mind, we're talking about Elon Musk.

https://russblib.blogspot.com

For all of his faults with his political beliefs, his two biggest companies (Tesla and SpaceX) helped the environment and science tremendously. He also wants the Epstein files released.

Most U.S. sellers except Tesla are already losing money on each EV they sell, many will focus on lease deals instead. The depreciation is so horrible on EVs now that leasing is the smarter option anyway if one drives less than 12k miles a year.

the majority of new cars. For some, a plug in hybrid could become in actual use an EV. This would lead to a decline in gasoline used.

As a non engineer, I wonder if research on better electric systems on hybrids would also improve the EV motors that could be offered in the future.

Obviously, the future should be with EVs. We clearly can't get federal subsidies under Trump, but the car companies, like all companies manufacturing anything people use for long periods of time, need to focus on both where they need to be now and in the future.

What we really need to do is abandon our car culture. We need to turn our cities into attractive affordable places where car ownership is unnecessary.

Owning a car is an environmentally destructive, expensive, pain-in-the-ass at best. At worst it's a nightmare, especially when you are forced to drive a barely reliable old car to and from some crappy job just to survive, knowing that any major mechanical breakdown might leave you and your family homeless and hungry.

I resent that I am forced to own a car to be considered a fully functional adult in this society. Owning a car is not a freedom, it's a fucking ball and chain. People spend most of their lives confined to places within a few hundred feet of a filthy roadway trashed by automobiles.

By the way, fuck Elon Musk. There's nothing, absolutely nothing, he's done to make the world a better place. He's an opportunist, a grifter, a racist, a misogynist, and a destroyer of earth's natural environment. May I live long enough to read his obituary.