- Comments out of China from BYD Company's Wang Chuanfu are creating a stir in the electric vehicle industry.
- Chuanfu maintains that a new consumer tax on gas is being considered by Beijing.
- He notes that even a 0.2 yuan per liter tax adds up to "hundreds of billions" which could be funneled by the government to support EV infrastructure and development programs.
- Tesla Motors (TSLA +2.3%) printed an all-time high of $270.60 earlier with the China news helping to boost sentiment a bit.