Trump cutting EV tax credits may be bad news for Tesla
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President-elect Donald Trump plans to cut EV tax credits, which could negatively impact electric vehicle demand. This development is particularly concerning for Tesla, a major player in the EV market.
November 21, 2024 | 3:30 am
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Tesla may face reduced demand for its electric vehicles if President-elect Donald Trump cuts EV tax credits, as planned. This could negatively impact Tesla's sales and stock price.
Tesla is a leading manufacturer of electric vehicles, and the potential reduction in EV tax credits by President-elect Trump could lead to decreased demand for EVs. This would likely affect Tesla's sales and, consequently, its stock price negatively.
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