Trump Considers Ending $7,500 EV Tax Credit And Tapping Elon Musk For Cabinet Or Advisory Role If Elected
Portfolio Pulse from Benzinga Newsdesk
Donald Trump is considering ending the $7,500 electric vehicle (EV) tax credit and potentially appointing Elon Musk to a cabinet or advisory role if he is elected. This could impact the EV market and companies like Tesla.
August 19, 2024 | 8:42 pm
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NEUTRAL IMPACT
Tesla could be significantly impacted by the potential removal of the $7,500 EV tax credit, which may affect demand for its vehicles. However, Elon Musk's potential advisory role could offer strategic advantages.
The removal of the EV tax credit could reduce demand for Tesla's vehicles, negatively impacting sales. However, Elon Musk's potential involvement in a government role could provide strategic insights or influence, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80