Trump's Plan to End EV Tax Credit
President-elect Donald Trump and his transition team are reportedly planning to end the $7,500 EV tax credit. 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.