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Trump's Treasury Secretary nominee Paulson: Working with Musk to reduce expenses, especially by canceling green energy subsidies, has Asia's giants at a loss?
Abolishing the current Clean Energy Tax Reduction Policy in the existing 'Inflation Reduction Act' could increase tax revenue by approximately $921 billion over a decade. For Asian giants such as Toyota and Hyundai engaged in electric vehicles, wind power, and other renewable energy industries, President Trump and his allies' plan to abolish the Clean Energy Tax Reduction Policy would harm their financial condition and reduce the attractiveness of the USA market.
Subsidies for photovoltaic and wind energy should all be cut! Potential Treasury Secretary pick for Trump: will cut federal spending with Musk.
①John Paulson, the 'backer' of Donald Trump, recently stated that if he ultimately becomes the new Secretary of the Treasury of the usa, he will cooperate with Tesla's CEO Musk to jointly formulate policies that significantly reduce federal spending; ②Paulson said that all tax subsidies for inefficient and uneconomical energy sources such as cecep solar energy and wind energy should be canceled, which will reduce fiscal expenditures.
Ellomay Capital Secures NIS 62.2M in Debenture Placement
Ellomay GAAP EPS of $0.04, Revenue of $11.2M
The last time electric power stocks in the United States were so crazy was also during the technology frenzy.
Similar to today, in the 1990s, the expected returns of independent electrical utilities stocks were much higher than regulated utility company stocks. At that time, independent electrical utilities were constructing power plants on a large scale, resulting in eventual overcapacity. However, now it seems that electrical demand will inevitably increase, so they should not face similar issues.
Ellomay Capital Experiences Financial Downturn in H1 2024
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