$Tesla(TSLA.US) Don't panic, long-term benefits for Tesla
Latest news: Documents show that Trump's transition team recommends comprehensive reforms to cut support for electric vehicles and charging stations. (Reuters)
News from November 14: Trump plans to cancel the $7,500 electric vehicle subsidy (Tesla fell 5% that day)
Analyst Dan Ives believes that in the long run, this could actually boost Tesla. The reasons are as follows: While the termination of tax credits may hurt overall electric vehicle demand, Tesla's scale and market position mean it is better equipped to handle this change than competitors like General Motors, Ford, and Rivian.
Tesla CEO Elon Musk has also stated that the reduction of subsidies may harm competitors more than Tesla.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.