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flag Elon Musk now supports extending electric car tax credits as Tesla faces financial challenges.

flag Elon Musk, CEO of Tesla, has changed his stance to support continuing the $7,500 tax credit for electric vehicle buyers, previously advocating for its end. flag This shift comes amid Tesla's declining sales and financial troubles, with JPMorgan estimating Tesla could lose $1.2 billion annually if the tax credit is removed. flag The proposed House tax bill seeks to end the credit, impacting Tesla's sales and the company's push for U.S. energy independence and grid reliability.

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