The future of EVs, with major players like Tesla, Ford, and GM at the helm, is marked by cautious optimism.

GM and Ford's recent partnership with Tesla to use its charging network could either accelerate the electrification drive, or simply extend the survival of traditional automakers in the rapidly evolving EV market.

The revised federal tax credits for electric vehicles, driven by new battery sourcing requirements, benefit U.S. automakers like Tesla, GM, Ford, and Stellantis while leaving Hyundai, Kia, Nissan, and Volkswagen at a disadvantage, potentially impacting their stock performance.

This article will briefly analyze how Tesla and General motors would benefit from the tax delay.

There has been a rush from investors to support EV stocks.

Let’s take a look at two stocks that Ark Invest keeps buying, seemingly for reasons unknown.

General Motors expanded its partnership with Honda to build affordable electric vehicles.

General Motors spent $2.10 billion to buy SoftBank's stake in Cruise LLC.

Tesla Hit With More Recalls, Still Gets Upgrade from JPMorgan.

Tesla saw an impressive 65% year over year growth in revenues which included a 71% rise in automotive revenues.