Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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Baytex Energy Corp > US Legislation killing EV tax credit?

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Post by BayStreetWolfTO on Aug 05, 2022 2:20pm

US Legislation killing EV tax credit?

Bullish oil....if it goes through

"Per WSJ article today, probably no tax credit for Tesla cars under current draft of legislation."

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Comment by Aries64 on Aug 05, 2022 2:43pm

EV rebates only apply for new vehicles below 55k selling price as well.

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Comment by pjn0987654321 on Aug 05, 2022 3:41pm

Tesla down 7%.

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Comment by pjn0987654321 on Aug 07, 2022 12:13pm

And, of course, dems paying back Musk for switching sides.

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Comment by Aries64 on Aug 07, 2022 10:46pm

The US tax credits on EV vehicles were limited to 200,000 units per manufacturer, which both GM and Tesla exceeded, and Toyota just reached this quarter. Under the new bill they eliminated that starting January 2023. But you have to had paid more than $7,500 in taxes, otherwise you get zero. So Trump won't qualify. Too bad for customers, car dealers, and their employees until then. ...more

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