UPDATED: 2/23/18 5:10 pm ET - adds details

Tesla expects to hit cap for federal tax credits in 2018

Tesla said it will likely sell its 200,000th vehicle this year -- the volume cap at which the $7,500 federal tax incentive for electric vehicles begins to be phased out.

UPDATED: 2/23/18 1:12 pm ET - adds details
Chief of China's Geely builds $9 billion stake in Daimler

Li Shufu, the chairman and main owner of Chinese carmaker Geely, has amassed a stake of 9.69 percent in Daimler AG, the German company said Friday. The stake, worth nearly $9 billion at the current market price for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans.

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