$Tesla(TSLA.US)Don't panic, long-term benefits for Tesla
Latest news: Documents show Trump's transition team recommends comprehensive reforms to cut support for electric vehicles and charging stations. (Reuters)
November 14 news: Trump plans to cancel $7,500 EV subsidy (Tesla dropped 5% that day)
Analyst Dan Ives believes this could actually boost Tesla in the long run. Reasons: While ending tax credits may hurt overall EV demand, Tesla's scale and market position mean it's better equipped to handle this change than competitors like General Motors, Ford and Rivian.
Tesla CEO Elon Musk has also said cutting subsidies may hurt competitors more than Tesla.
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