Wedbush Securities analyst Dan Ives recently shared a rather interesting prediction for Tesla. As per the analyst, a potential Trump presidency would actually be bullish for Tesla, even if it would be negative for everyone else in the electric vehicle sector.
Ives’ comments were shared during a segment in CNBC’s Last Call. Amidst his current campaign, former President Donald Trump has so far been against electric vehicles for the most part. Despite this, he has also stated that he is “a fan of Elon.” “I like Elon, I like him, and I think a lot of people are going to want to buy an electric car,” Trump said at a rally earlier this month.
Elon Musk confirmed this as much, even stating that the former president was “very nice” and he does call him “out of the blue for no reason.” Musk inferred that Trump’s positive stance on Tesla may be partly due to the fact that some of the former president’s friends probably now have Teslas. He also noted that Trump is “a huge fan of the Cybertruck.”
Donald Trump last night on EVs and Elon Musk: “I’m a big fan of electric cars. I’m a big fan of Elon Musk. I like Elon. And I think a lot of people are going to want to buy electric cars, but if you want to buy a different type of car you have to have a choice.” pic.twitter.com/WDXoXhAEON
— Sawyer Merritt (@SawyerMerritt) June 7, 2024
Considering Trump’s typical anti-EV rhetoric, it was no surprise that the Wedbush analyst was asked if the former president’s potential efforts to roll back electric vehicle incentives could benefit Tesla. Ives noted that a Trump presidency would indeed be positive for Tesla.
We believe a Trump win would be a negative for the EV industry but could be a silver lining positive for @elonmusk and @Tesla for a number of reasons discussed on @LastCallCNBC
https://t.co/YI6rKWVLw3
— Dan Ives (@DivesTech) June 29, 2024
“I’d say Trump’s pro-Musk, and I’d say it’s bullish. A Trump presidency would, at the end of the day, be bullish for Tesla, negative for EVs… I think it also speaks to the Biden administration, Musk has really been an afterthought… I think if Trump’s in the White House, Musk gets more front and center. That’s bullish for Tesla, especially if you start to see those EV rebates roll back — negative on the industry, bullish for Tesla,” Ives said.
I’m pretty sure @elonmusk already makes them in America
— greg (@greg16676935420) June 18, 2024
The Wedbush analyst has a great point. The Biden administration has made it a point to ignore Tesla and focus on union-made EVs instead, so it would not be surprising if a potential Trump administration made it a point to openly support Musk and Tesla. Tesla is also among the carmakers in the United States today that can compete without the federal tax credit, as the company has already achieved economies of scale.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
stromectol in canada – tegretol 400mg over the counter carbamazepine 200mg price
accutane 20mg price – order decadron online purchase zyvox pills
order zithromax 500mg without prescription – tinidazole generic bystolic 20mg over the counter
omnacortil 20mg cheap – order generic omnacortil 5mg progesterone us
brand neurontin 800mg – buy neurontin 600mg online cheap where to buy sporanox without a prescription
augmentin 1000mg sale – buy duloxetine tablets cymbalta online buy
buy semaglutide 14 mg online – rybelsus pills order cyproheptadine 4 mg pills
sildenafil 100mg usa – buy tadalafil 40mg pill generic cialis online
order tadalafil 10mg without prescription – tadalafil ca cheap generic sildenafil
buy cenforce 50mg without prescription – cheap aralen 250mg metformin 500mg for sale
atorvastatin 80mg us – brand lipitor 80mg order generic lisinopril 10mg
buy omeprazole 20mg – order metoprolol atenolol 100mg usa
buy generic medrol – buy medrol 8 mg online triamcinolone 4mg ca
desloratadine pill – order claritin 10mg for sale buy priligy 60mg without prescription
misoprostol cost – orlistat order where can i buy diltiazem
zovirax order – zovirax 800mg cheap crestor 20mg canada
domperidone 10mg pills – sumycin 250mg over the counter cyclobenzaprine pill