One analyst believes Tesla could have the most to lose from a shift in regulations, and may see its profits slashed by $3.2 billion
Donald Trump is expected to abandon the $7,500 federal EV tax credit. Elon Musk has previously throws his support behind the removal of EV subsidies. Tesla might need the subsidies more than Musk realizes after sales fell in 2024. Elon Musk spent more than $270 million to help get Donald Trump into office, likely believing that a Trump-run administration would help his companies, including Tesla and SpaceX.
” He added that Tesla could have the most to lose from the shifting regulatory backdrop and may see its profits fall by roughly $3.2 billion, or 40%. The analyst added that during the Trump administration, shares of BEVs sales could fall in “nearly every geography,” and suggested that Tesla “does not appear to us on track to dominate the global auto industry amidst the electrification transition, which we view as only the starting point for present valuation,” as quoted by Business Insider.
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