Those who think removing the EV tax credit will help Tesla are smoking some exotic copium. Here's my crystal ball.
Posted: Nov 15, 2024
- Trump removes $7,500 EV tax credits and imposes import tariffs on all imported EVs
- Tesla is the only surviving US EV maker and does not depend on subsidies
- Tesla increases US market share but delivery numbers remain stagnant
- Tesla monopolizes US EV market due to lack of competition
- Import tariffs cause Tesla to prioritize cost-cutting over R&D
- China, Korea, and Germany retaliate with tariffs on Tesla imports
- Chinese, Korean, and German EV makers widen tech gap to Tesla
- Tesla loses value for money and is no longer relevant in global market
- Tesla struggles to sustain revenue growth and justify trillion-dollar valuation
- New generation of Tesla bagholders emerges
What do people on Reddit think?
🚨 Reddit sentiment: mixed - While there are concerns about geopolitical risks and policy changes, there is also a recognition of Tesla's strategic advantages and historical performance, leading to a balanced sentiment. Summarized comments: - Concerns about Tesla's ability to navigate China risks and potential tariffs - Skepticism about the likelihood of the EV tax credit being removed due to legislative hurdles - Mention of Tesla building cars in China as a potential mitigating factor against tariffs - General advice against betting against Tesla - Some users have faced losses from Tesla-related investments - Mention of political influences affecting Tesla's market conditions Stock tickers discussed: TSLA
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