Tesla Rebounds 4% in Morning Trading. Analyst Weighs In the Impact of Presidential Election on Tesla Stock
Wedbush analyst Daniel Ives thinks one might not necessarily be tied to the other.“We believe a Trump presidency would be an overall negative for the EV industry as likely the EV rebates/tax incentives get pulled, however for Tesla we see this as a potential positive with some caveats,” Ives noted.Tesla’s unmatched scale and reach in the industry could provide the company with a “clear competitive edge,” especially against a backdrop of no EV subsidies. Additionally, anticipated higher tariffs o