$Tesla (TSLA.US)$ should perform well despite President-elec...

Post-election first test flight: How to position for 'Elon Musk' concept stocks?

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105336001 joined discussion · Nov 16, 2024 00:27

$Tesla (TSLA.US)$ should perform well despite President-elect Donald Trump's plan to discontinue the $7,500 consumer tax credit for electric vehicles, Wedbush said in a note to investors.

Removing the incentive would particularly hurt $General Motors (GM.US)$, $Ford Motor (F.US)$, $Stellantis NV (STLA.US)$ and $Rivian Automotive (RIVN.US)$, but Tesla's "unmatched" scale and scope would allow it to use the lack of a tax credit to outmatch Detroit competitors, Wedbush said.

Other incentives and programs could still support US-built EVs, Wedbush said, adding that Tesla Chief Executive Elon Musk will "have a big seat at the table as these EV discussions happen within the Trump transition team."
Wedbush maintained its outperform rating and $400 share price target on Tesla stock.

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tryagain29 : on a fair playing field, tesla doesn't have competition

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72448575 tryagain29 : And they don’t on an unfair field even more so. So yeah, Tesla is going to run up for the next 4 years.

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