Reported 9 days ago
Tesla's stock experienced a 5.7% decline as the influence of Trump's post-election rally waned and fears arose over potential cuts to electric vehicle tax credits under the incoming administration. Reports indicate that plans are being discussed to eliminate the $7,500 incentive under Trump's tax reform, contributing to a further drop in shares. Despite a challenging year, stock performances remained 25% higher year-to-date, but the company's latest recall of Cybertruck models adds to ongoing concerns.
Source: YAHOO