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.
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Empire Stock Investor is a monthly research service where Whitney Tilson and his team share their top investment recommendations, ideas, predictions, and warnings – in short, everything you need to know to beat the markets in the coming years.
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