| President Biden just signed the $750 billion Inflation Reduction Act into law. The sweeping package… - Gives Medicare the power to negotiate the prices of certain pharmaceutical drugs…
- Imposes a 15% minimum tax on the profits of large American companies…
- And promises to raise over $700 billion in government revenue...
But it also contains a surprising and unusual provision that's largely escaped the notice of the mainstream press. Buried on page 137 of the new law is a clause that could turbo-charge the electric vehicle (or EV) market – and accelerate mass adoption in a major way. One EV automaker in particular is poised to see the greatest benefit. (Hint: it's not Tesla.) It's received more than 200,000 reservations for its latest launch, a technological game-changer that the Wall Street Journal calls "an American manufacturing triumph." Its EV sales have shot up by 169% in just one month – and it's gaining market share at a breakneck pace. But now – thanks to Biden's new law – this company could unseat Tesla as the leader of the EV industry. Best of all? It trades for just $13 a share. --> Click here for the full story… Regards, Sam Latter Editor in Chief, Empire Financial Research |
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