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Wedbush: Trump's election will be bad for electric car makers other than Tesla

Wedbush analysts say the election of Trump as US president will have a negative impact on the electric vehicle market as a whole, as the US federal government may eliminate electric vehicle tax rebates and tax incentives. They point out that Elon Musk's support for Trump is a bet on the fact that, given Tesla's unparalleled size and scope in the industry, an environment without electric vehicle subsidies would give Tesla a clear competitive advantage. The analysts wrote: "If ha...

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2024-11-06 03:58:06