Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, January 2nd. It's the second day of the year, the second day of the month, and the second day of the week,

but it's the first day of trading in 2024. I'm Julie Morgan.

The list of electric vehicles that qualify for the full tax credit is cut in half.

Bitcoin rises above 45,000 and Corcept loses a battle with Teva.

Now that we're in 20-20 sept loses a battle with Teva.

Now that we're in 2024, the number of electric vehicle models

eligible for the $7,500 consumer tax credit in the US

has fallen. The number of EV

models that qualified for the EV tax credit on December 31st

under the old criteria was 25. But today that number is 13.

This is due to tighter rules around sourcing parts from Chinese suppliers.

The new rules exclude from the tax credit vehicles that use battery components made by Chinese

manufacturers. Looking ahead the Treasury Department said it will continue to

closely coordinate with the automobile industry on the new restrictions and that automakers are adjusting

their supply chains to ensure buyers continue to be eligible for the new clean vehicle credit.

In 2025, the restrictions will expand to include suppliers of key raw materials for batteries such as nickel and lithium which could put additional pressure on automakers to qualify for EV tax credits.

Vehicles still eligible for the $7,500 EV tax credit include variations of Tesla's

Model Y, the R1T pickup from Rivian Automotive, the Jeep Wrangler 4XE by Stellantis,

the Chevrolet bolt from General Motors and F-150 Lightning pickup truck by Ford.

Notably, the Nissan Leaf and Tesla's cyber truck fell off the list at the stroke of midnight

on January 1st. However, the two vehicles still qualify for the 3,750

...