From Nasdaq: 2024-11-14 15:16:00

President-Elect Donald Trump plans to remove the $7,500 electric vehicle (EV) tax credit as part of his administration’s focus on fossil fuels. Tesla stock fell initially, but there are reasons to remain bullish, including the tax credit already being priced in and other factors supporting the company’s growth.

Trillions of dollars in Federal funds are allocated for infrastructure spending, benefiting companies involved in AI data centers, renewable energy, and more. Investors can download a free report on 5 stocks positioned to profit from this spending boom, including Ford, General Motors, Tesla, Nio, and Xpeng.



Read more at Nasdaq: Trump to Sunset EV Tax Credit: Should Tesla Investors Be Worried?