Tesla (TSLA) CEO Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president's reelection...
to contribute $45 million monthly to a Trump Super PAC, Senator JD Vance , is proposing to eliminate nearly $100 billion in electric vehicle subsidies through a proposed"Drive American Act."analyzes these developments, shedding light on how a potential Trump presidency could impact policies surrounding electric vehicles and what Vance's Drive American Act could entail for the auto industry.
That could create a significant headwind to adoption and Tesla vehicle sales at a time when we are starting to see that adoption slow down.And Tesla's market share of all EVs dipped below 50% for the first time in Q two.He reiterated that this week on his platform, X, saying, Take away the subsidies that will only help Tesla also remove subsidies from all industries.We go by the way, pointing out in his article about how significantly Tesla has actually benefited from government subsidies.
Yeah, Wall Street certainly divided, at least in this initial reaction to the impact another Trump presidency is likely to have on Tesla. And he says, Look, it has been delicate price for Tesla when they're adjusting prices by $1000 here and there to boost demand.Then you've got Guggenheim's Ron Yesko echoing that sentiment, saying that tax credit has been a key affordability enabler for Tesla.
Donald Trump Jr. had a tense back-and-forth with a reporter for NBC News at the Republican National Convention Monday, during which he called the news crew “clowns” and ultimately shooed them away by saying, “get out of here!”The exchange was cordial at first, with NBC News correspondent Jacob Soboroff asking the eldest Trump child about the former president’s plan to change his convention speech in light of Saturday’s assassination attempt, supposedly pivoting to a message of “unity.
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