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Representatives of the two countries said in London that the two sides reached a framework agreement on how to implement the consensus reached by the two sides in the previous round of Geneva talks.
Trump’s plan to reduce EV tax credits has raised concerns. Gene Munster of Deepwater Asset Management warned that this could lead to a 15% drop in Tesla’s deliveries in 2025.
U.S. stock futures edged higher on Friday as markets awaited the critical May nonfarm payrolls report and signs emerged that the escalating feud between President Donald Trump and Elon Musk may be cooling.
Europeans are still buying more electric cars due to strict emissions regulations and lower prices. However, Tesla is facing competition from Chinese rivals and changes in consumer sentiment.