One Big Loser of Trump’s Second Term: Elon Musk ...Middle East

Elon Musk’s Tesla stock is falling on Thursday after Reuters reported that the Trump transition team plans on axing Biden-era tax credits on electric vehicle purchases.The president-elect wants to kill the $7,500 tax credit along with a larger tax reorganizing. This will likely do damage to the E.V. industry and cause prices to spike. E.V. companies Rivian and Lucid, along with Tesla, have each taken hits on the stock market. Rivian fell by over 12 percent, Lucid fell by 3 percent, and Tesla fell by 5 percent. And while this move does seem contradictory to his interests, the richest man on earth remains bullish. His aides parroted earlier points he made about this move, calling it “devastati

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One Big Loser of Trump’s Second Term: Elon Musk ...Middle East

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