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— - 1 ITIF - 1 Tesla - 1 China's BYD - 1 Li Auto - 1 Musk - 1
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Service - 1 Elon - 1 Information Technology - 1 Innovation Foundation - 1 The Washington DC - 1 EV - 1 Business - 1 BMW - 1

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2 mentions found


☆ Chinese EV makers are outpacing Tesla in one key area
  + stars: | 2024-07-31 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
Read previewTesla is fighting to keep its EV crown, and Chinese automakers are already challenging Elon Musk's company in one crucial area: Innovation. The Washington DC-based think tank found that Chinese EV companies are 30% faster when it comes to developing and releasing new car models than automakers in other regions, including Tesla. AdvertisementAdditionally, Chinese electric-car companies like BYD are pumping out more new EVs than US automakers, including Tesla, ITIF said. The Think Tank warned US carmakers would need to "double down on genuine technological innovation" if they wanted to continue to compete with Chinese companies. Musk's company has been facing mounting pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller .
Persons: —, ITIF, Tesla, China's BYD, Li Auto, Musk Organizations: Service, Elon, Information Technology, Innovation Foundation, The Washington DC, EV, Business, BMW, Tesla, Reuters Locations: China
☆ House, Senate to renew fight pitting child tax credit vs. corporate cash
  + stars: | 2023-02-15 | by ( Eric Rosenbaum | ) www.cnbc.com   time to read: +9 min
The fate of that corporate tax policy, supported by many Democrats, had been linked to the Democratic Party's desire for a deal on the child tax credit . But House and Senate members are getting ready to reintroduce legislation on the R&D tax credit. Indexing the child tax credit to inflation would also be a matter of tax policy that both parties might agree on as a way to enshrine future increases in law. But there's still the divide on the corporate tax priorities and child tax credit, and at a basic level, getting a bipartisan tax bill through the House and Senate and to the White House is always challenging. Many companies were surprised that the R&D tax credit did not get extended in the late year legislative package because it had so much bipartisan support.
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