Trump Victory Seen As Win For Tesla, AI Initiatives, Deal Landscape -- Market Talk

Dow Jones11-06

0715 ET - The technology sector should be a primary beneficiary under a second Trump presidency, with Elon Musk and Tesla among the biggest winners, according to Wedbush in a research note. The analysts say that while EV rebates/tax incentives could get pulled, Tesla's size and scope should give Musk and Tesla a clear competitive advantage in a nonEV subsidy environment. Likely higher China tariffs could also keep cheaper Chinese EV players from flooding the US market over coming years. Wedbush also expects AI initiatives to benefit players including Microsoft, Amazon and Google, as well as AI initiatives within the government including the Defense Department that can boost Palantir. They also expect FTC's Lina Khan to be removed, which could promote more deals in the tech landscape. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

November 06, 2024 07:16 ET (12:16 GMT)

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