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Go Tesla! fewerr competitors

Trump Likely to Eliminate EV Credits. Tesla Loses Its $1 Trillion Status

Tesla stock dropped on Thursday as investors worried that President-elect Trump would end electric vehicle purchase tax credits.That leaves one question for investors: What did you think was going to happen?

Trump Likely to Eliminate EV Credits. Tesla Loses Its $1 Trillion Status

# Trump's Plan to End EV Tax Credit

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This news has caused Tesla and other EV stocks to drop. However, analysts believe that Tesla may actually benefit from the discontinuation of the tax credit in the long run, as it will enable them to further fend off competition from Detroit. They also believe that Trump could launch other incentives and programs to support U.S. built EVs, in which Tesla and Elon Musk may have a significant role. Overall, the analysts recommend buying Tesla shares despite the initial sell-off."}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Go Tesla! fewerr competitors&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Go Tesla! fewerr competitors&nbsp;</p></body></html>","text":"Go Tesla! fewerr competitors","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/371050064847208","repostId":2483611356,"repostType":2,"repost":{"id":"2483611356","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1731627049,"share":"https://www.laohu8.com/m/news/2483611356?lang=&edition=full","pubTime":"2024-11-15 07:30","market":"nz","language":"en","title":"Trump Likely to Eliminate EV Credits. Tesla Loses Its $1 Trillion Status","url":"https://stock-news.laohu8.com/highlight/detail?id=2483611356","media":"Dow Jones","summary":"Tesla stock dropped on Thursday as investors worried that President-elect Trump would end electric vehicle purchase tax credits.That leaves one question for investors: What did you think was going to happen?","content":"<html><head></head><body><p>Tesla stock dropped on Thursday as investors worried that President-elect Trump would end electric vehicle purchase tax credits.</p><p>That leaves one question for investors: What did you think was going to happen?</p><p>Shares of the electric-vehicle maker finished down 5.8% at $311.18 while the S&amp;P 500 and Dow Jones Industrial Average sank 0.5% and 0.6%, respectively. Rivian Automotive shares tumbled 14%, while General Motors was down 0.1% and Ford Motor shares were off 0.3%.</p><p>At $311.18, Tesla&#39;s market value is $999 billion, just shy of $1 trillion, based on 3.21 billion shares outstanding.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b508e9b22a19303c32bbacc8f4a898ae\" tg-width=\"538\" tg-height=\"312\"/></p><p>Tesla shares spent all of the day in the red, but losses accelerated and shares closed at daily lows after Reuters reported the President-elect was likely to eliminate $7,500 purchase tax credits for EVs.</p><p>The Trump transition team didn&#39;t immediately respond to Barron&#39;s request for comment.</p><p>Investors can be surprised by the reaction, but not the pending policy decision. Trump talked about removing so-called EV mandates frequently on the campaign trail, and Wall Street analysts almost unanimously expect Trump to target the credits.</p><p>The consensus opinion among analysts is that a credit rollback is relatively neutral for Tesla -- and negative for the rest of the industry. Tesla has the scale and cost structure to be profitable without the credits. Less competition from EV makers who need the credit means more market share for Tesla.</p><p>Thursday&#39;s performance came in spite of a big price target increase earlier in the day, too. Jefferies analyst Philippe Houchois raised his price target for Tesla stock to $300 from $195, and kept his Hold rating. Houchois even suggested Tesla management use the recent rally in Tesla stock to raise equity.</p><p>Tesla generates positive free cash flow. Wall Street projects free cash flow of $2.8 billion in 2024, and $5.4 billion in 2025. Free cash flow comes after investment spending. Tesla is expected to spend some $11.5 billion on plants and equipment in 2024. An equity raise doesn&#39;t feel necessary at this point.</p><p>A target price bump of $105, or 54%, is significant and investors might have expected a better stock reaction. Coming into Thursday trading, Tesla shares were up almost $80, or 31%, since the Nov. 5 presidential election.</p><p>That rally took Tesla&#39;s stock market value north of $1 trillion and Tesla&#39;s stock price beyond current Wall Street targets. The average analyst price target of Tesla shares aggregated by FactSet is about $242, up from about $235 since the election.</p><p>Tesla stock rose by 0.5% on Wednesday, following President-elect Trump&#39;s announcement that Tesla CEO Elon Musk and Vivek Ramaswamy would lead a consulting-like effort at the newly created Department of Government Efficiency.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Likely to Eliminate EV Credits. 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Tesla Loses Its $1 Trillion Status\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-15 07:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock dropped on Thursday as investors worried that President-elect Trump would end electric vehicle purchase tax credits.</p><p>That leaves one question for investors: What did you think was going to happen?</p><p>Shares of the electric-vehicle maker finished down 5.8% at $311.18 while the S&amp;P 500 and Dow Jones Industrial Average sank 0.5% and 0.6%, respectively. Rivian Automotive shares tumbled 14%, while General Motors was down 0.1% and Ford Motor shares were off 0.3%.</p><p>At $311.18, Tesla&#39;s market value is $999 billion, just shy of $1 trillion, based on 3.21 billion shares outstanding.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b508e9b22a19303c32bbacc8f4a898ae\" tg-width=\"538\" tg-height=\"312\"/></p><p>Tesla shares spent all of the day in the red, but losses accelerated and shares closed at daily lows after Reuters reported the President-elect was likely to eliminate $7,500 purchase tax credits for EVs.</p><p>The Trump transition team didn&#39;t immediately respond to Barron&#39;s request for comment.</p><p>Investors can be surprised by the reaction, but not the pending policy decision. Trump talked about removing so-called EV mandates frequently on the campaign trail, and Wall Street analysts almost unanimously expect Trump to target the credits.</p><p>The consensus opinion among analysts is that a credit rollback is relatively neutral for Tesla -- and negative for the rest of the industry. Tesla has the scale and cost structure to be profitable without the credits. Less competition from EV makers who need the credit means more market share for Tesla.</p><p>Thursday&#39;s performance came in spite of a big price target increase earlier in the day, too. Jefferies analyst Philippe Houchois raised his price target for Tesla stock to $300 from $195, and kept his Hold rating. Houchois even suggested Tesla management use the recent rally in Tesla stock to raise equity.</p><p>Tesla generates positive free cash flow. Wall Street projects free cash flow of $2.8 billion in 2024, and $5.4 billion in 2025. Free cash flow comes after investment spending. Tesla is expected to spend some $11.5 billion on plants and equipment in 2024. An equity raise doesn&#39;t feel necessary at this point.</p><p>A target price bump of $105, or 54%, is significant and investors might have expected a better stock reaction. Coming into Thursday trading, Tesla shares were up almost $80, or 31%, since the Nov. 5 presidential election.</p><p>That rally took Tesla&#39;s stock market value north of $1 trillion and Tesla&#39;s stock price beyond current Wall Street targets. The average analyst price target of Tesla shares aggregated by FactSet is about $242, up from about $235 since the election.</p><p>Tesla stock rose by 0.5% on Wednesday, following President-elect Trump&#39;s announcement that Tesla CEO Elon Musk and Vivek Ramaswamy would lead a consulting-like effort at the newly created Department of Government Efficiency.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4527":"明星科技股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4550":"红杉资本持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","TSLA":"特斯拉","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4547":"WSB热门概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4596":"哈里斯概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4511":"特斯拉概念","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","BK4516":"特朗普概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","RIVN":"Rivian Automotive, Inc.","F":"福特汽车","BK4592":"伊斯兰概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2483611356","content_text":"Tesla stock dropped on Thursday as investors worried that President-elect Trump would end electric vehicle purchase tax credits.That leaves one question for investors: What did you think was going to happen?Shares of the electric-vehicle maker finished down 5.8% at $311.18 while the S&P 500 and Dow Jones Industrial Average sank 0.5% and 0.6%, respectively. Rivian Automotive shares tumbled 14%, while General Motors was down 0.1% and Ford Motor shares were off 0.3%.At $311.18, Tesla's market value is $999 billion, just shy of $1 trillion, based on 3.21 billion shares outstanding.Tesla shares spent all of the day in the red, but losses accelerated and shares closed at daily lows after Reuters reported the President-elect was likely to eliminate $7,500 purchase tax credits for EVs.The Trump transition team didn't immediately respond to Barron's request for comment.Investors can be surprised by the reaction, but not the pending policy decision. Trump talked about removing so-called EV mandates frequently on the campaign trail, and Wall Street analysts almost unanimously expect Trump to target the credits.The consensus opinion among analysts is that a credit rollback is relatively neutral for Tesla -- and negative for the rest of the industry. Tesla has the scale and cost structure to be profitable without the credits. Less competition from EV makers who need the credit means more market share for Tesla.Thursday's performance came in spite of a big price target increase earlier in the day, too. Jefferies analyst Philippe Houchois raised his price target for Tesla stock to $300 from $195, and kept his Hold rating. Houchois even suggested Tesla management use the recent rally in Tesla stock to raise equity.Tesla generates positive free cash flow. Wall Street projects free cash flow of $2.8 billion in 2024, and $5.4 billion in 2025. Free cash flow comes after investment spending. Tesla is expected to spend some $11.5 billion on plants and equipment in 2024. An equity raise doesn't feel necessary at this point.A target price bump of $105, or 54%, is significant and investors might have expected a better stock reaction. Coming into Thursday trading, Tesla shares were up almost $80, or 31%, since the Nov. 5 presidential election.That rally took Tesla's stock market value north of $1 trillion and Tesla's stock price beyond current Wall Street targets. The average analyst price target of Tesla shares aggregated by FactSet is about $242, up from about $235 since the election.Tesla stock rose by 0.5% on Wednesday, following President-elect Trump's announcement that Tesla CEO Elon Musk and Vivek Ramaswamy would lead a consulting-like effort at the newly created Department of Government Efficiency.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":25,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}