Why would it rise when it soon will lose EV credits and its valuation is now 125 times over size? Robotaxi and Optimus yes they are cute but yet to be deployed and when? 2026? The market is behaving like a democrat? :)
Tesla Stock Rises. Are Trump EV Tax-Credit Concerns Weighing on the Shares?
Tesla stock was up in early trading Friday, rebounding from a steep drop on Thursday after Reuters reported that President-elect Donald Trump plans to reduce or eliminate the electric-vehicle purchase tax credit, which makes buying most Teslas and other EVs more affordable for most car buyers.Tesla stock was up 0.6% in premarket trading at $312.94, while S&P 500 and Dow Jones Industrial Average futures were down 0.6% and 0.4%, respectively. Shares dropped 5.8% on Thursday."Exactly what we expected," wrote Wedbush analyst Dan Ives in a Thursday report. "While this is a clear negative for the EV industry at first look and would particularly hurt GM, Ford, Stellantis, and Rivian. On the flip side we view this as a net bullish move for Tesla and Musk over time.". General Motors and Ford Motor don't make money selling EVs yet. Neither does EV start-up Rivian Automotive. Losing the credit would make turning a profit harder.Rivian shares, which slid 14% Thursday, were down 0.9% in premarket t
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