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Economy

EPA Headquarters.
Podcast

The EPA’s Carbon Crackdown Is Finally Here

Inside a special edition of Shift Key.

Economy

Can Biden Ditch Coal Without Killing Coal Country?

The end has been coming for a while. With the EPA’s new power plant emissions rules, though, it’s gotten a lot closer.

Blue
Climate

AM Briefing: A Verdict on Dubai’s Deluge

On a new World Weather Attribution report, falling battery prices, and another energy milestone for California.

Economy

AM Briefing: Biden’s Big Energy Moves

On the EPA’s power plant rules, the White House’s transmission boost, and a new BYD pickup.

A solar panel worker.

American Solar Is in a Trade War With Itself

Manufacturers and installers have different opinions on tariffs.

Biden’s Plan to Jumpstart Offshore Wind

AM Briefing: Biden’s Schedule for Offshore Wind Auctions

On the new auction schedule, Tesla earnings, and the Mercedes G-Class EV

Yellow
Economy

Biden’s Climate Cash Is Finally Pouring In

To the tune of $37 billion in the past month alone.

President Biden and clean energy.
<p>Heatmap Illustration/Getty Images</p>

It took a year and a half, but over the past month, money from the Inflation Reduction Act has started to flow out in earnest. Among the grants given just in the past four weeks are:

$20 million for ice cream factories in Tennessee and Vermont so they can replace their natural gas boilers with climate-friendly ones.

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Electric Vehicles

AM Briefing: Tesla’s Big Test

On low expectations, global EV demand, and heat domes

What to Expect From Tesla’s Earnings Report
Heatmap Illustration/Getty Images

Current conditions: A cold front brought an enduring heat wave in Mexico to an end • Northwest Texas could see large hail this afternoon • It will be 60 degrees Fahrenheit and rainy in Ottawa, where delegates are gathering this week to hammer out a global plastics treaty.

THE TOP FIVE

1. Investors wait anxiously for Q1 Tesla earnings

Tesla will report first-quarter earnings today after the markets close, and expectations are pretty low. Analysts think the EV maker will report at least a 4% drop in revenue compared to Q1 last year. In the earnings call, CEO Elon Musk will probably be keen to talk about his big plans for the robotaxi, but investors will want him to elaborate on more pressing issues, like waning demand, steep price cuts, the Cybertruck recall, and whether plans for a $25,000 Tesla have really been scrapped. They’ll be looking for Musk to be “the adult in the room,” said Dan Ives, a Wedbush Securities analyst. As well as setting out a clear vision for the company’s future, investors may want Musk to acknowledge his recent missteps as a sign he’s ready to turn things around. But as Nick Winfield wrote at The Information, “expecting the truculent Tesla CEO to admit his mistakes is probably too much to ask for.” Tesla’s stock is down 41% this year. The company frantically cut prices on several models in the last few days and announced a round of big layoffs, which apparently included the entire U.S. marketing team and part of the design team.

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