Tesla could soon lose its EV sales advantage as Washington lawmakers are taking their third shot at legislation to level the playing field with Rivian, Lucid and others.

Washington wants more electric vehicles on the road. It’s offered generous incentives for EV buyers and set deadlines barring new gasoline-powered car sales. The next step, some say, is revising a law that does not allow customers to buy an electric vehicle directly from the automaker,

Tesla’s sales have dropped by double digits in California, the most important EV market in the US, all while the rest of the EV market is growing.

For years, Tesla has been the undisputed heavyweight of California’s growing electric vehicle market. It’s dominated sales charts, crushed the competition, and made itself syn

Electric vehicle stocks traded higher early on Tuesday on renewed hope that a damaging trade between the U.S. and China can be avoided. Investors are showing some limited confidence that the tariff battle will wind down quickly.

Car stocks, including Tesla shares, were volatile on Monday—and in the red. Tariffs are the reason. Over the weekend, President Donald Trump went ahead with his plan to put 25% tariffs on goods from Mexico and Canada.

Tesla shares plunged by 7%, staying at 4% early Monday morning along with other automakers stocks due to president Donald Trump implementing his tariffs.