Following Trump's inauguration, speculation arises about the potential end of EV tax credits and subsidies that could negatively affect Tesla's business. Despite Elon Musk's significance in Trump's campaign, the president's comments imply a shift away from electric vehicle incentives. This has raised concerns among investors, including billionaire David E. Shaw, who sold a substantial portion of his TSLA stock. However, some analysts argue that Tesla might thrive without these subsidies, potentially harming weaker competitors instead.
Tesla's stock has risen thanks to Trump's win, but concerns loom as EV tax credits could be cut, potentially hurting Tesla despite its current profitability.
Analysts suggest that revoking EV subsidies could negatively impact Tesla, yet some believe it may actually strengthen Tesla by eliminating struggling competitors.
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