Will Musk benefit directly? The Trump administration is reportedly planning to relax regulations on autonomous autos.
According to media reports citing informed sources, members of usa President Donald Trump's transition team told advisers that they plan to prioritize the federal legal framework for fully autonomous cars at the Department of Transportation; This indicates that the Trump administration intends to relax regulations on autonomous cars; This will directly benefit Tesla CEO, and Trump supporter, Elon Musk.
Trump Team Said to Want to Ease US Rules for Self-Driving Cars
US Manufacturing Index Rises To 43, Highest Since 2020
6-K: Honda Motor Co., Ltd. filed its consolidated interim financial statements ended September 30, 2024 with Financial Services Agency in Japan
Trump's termination of electric car subsidies is actually a "big bullish" for Tesla!
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.
The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.