受该消息影响，电动车股集体大跌，Nikola收跌22.76%，极氪ADR收跌23.68%， “特斯拉劲敌”Rivian收跌14.3%，特斯拉收跌5.77%。In the usa, directly purchasing Tesla autos does not qualify for the full subsidy, and canceling the subsidy will bring greater losses to Tesla's competitors.
Trump's plan to terminate electric car subsidies may be a good thing for Tesla, as this will bring greater losses to its competitors. $Tesla (TSLA.US)$ it might be a good thing for Tesla, as this will bring greater losses to its competitors.
On Thursday local time, media reports indicated that USA President-elect Donald Trump's transition team plans to cancel the $7,500 tax incentive available to consumers purchasing electric vehicles. This incentive is one of the key measures of President Biden's Inflation Reduction Act (IRA).
As a result of this news, electric vehicle stocks plunged collectively, with nikola dropping 22.76%, zeekr ADR down 23.68%, "Tesla rival" Rivian falling 14.3%, and Tesla down 5.77%.
Wedbush analyst Dan Ives stated, "Trump's election as president is overall negative news for the electric vehicle industry; however, we believe it is a huge bullish signal for Tesla."
The bullish reason is that Tesla has never been the biggest beneficiary of this subsidy; compared to Tesla, which directly sells cars, this subsidy is more beneficial for other auto manufacturers that take advantage of the "leasing loophole" for tax benefits.
In the USA, most consumers' purchased autos do not qualify for the full subsidy because many of their parts or materials come from overseas, but leased autos do not have these requirements, allowing consumers to enjoy the subsidy through leasing.
This has led to a surge in electric vehicle leasing in the usa. Statistics show that nearly 60% of electric vehicles sold in the usa are leased rather than purchased outright. Tesla is an exception, as its business model is more inclined towards profit through direct sales rather than leasing. Tesla believes that over-reliance on a leasing model can lead to depreciation in the vehicle's residual value.
In contrast, many other auto manufacturers have already factored in tax incentives when pricing their products. The larger the subsidies, the more attractive the products are to consumers. Without these subsidies, auto manufacturers may need to lower prices to mitigate losses or risk losing some customers.
Moreover, despite the intense price war, Tesla's electric vehicles are still profitable, while other auto manufacturers in the usa have consistently lost money in the electric vehicle business, with many relying heavily on electric vehicle subsidies to reduce losses.
It's no wonder Musk expressed support for Trump's plans to eliminate electric vehicle subsidies. A representative from Tesla told Trump's transition team that they support the elimination of this subsidy. Earlier this year, Musk stated that the cancellation of subsidies might have a slight impact on Tesla's sales but would hit competitors harder, including traditional automakers like general motors.
Since Trump's election, Tesla's market cap has increased by 300 billion dollars, a figure that exceeds the total market cap of Ford, general motors, and Stellantis.
Editor/Somer
