Reported 27 days ago
In the lead-up to the 2024 election, analysis suggests that a victory for Vice President Kamala Harris would likely benefit electric vehicle (EV) manufacturers, such as Tesla, due to potential tax incentives for car buyers. Conversely, a Trump win could disrupt the auto industry, especially if tariffs on imported vehicles favor traditional automakers like GM and Ford. Analyst Emmanuel Rosner also points out his preference for peripheral stocks in the auto space, indicating caution about the primary automakers.
Source: YAHOO