Tesla Stock Risks 52% Profit Hit As Trump Targets EV Tax Credit
Tesla stock risks are mounting right now as the electric vehicle giant faces an unprecedented threat to its profitability. The potential EV tax credit removal under Trump’s administration could slash Tesla’s earnings by a staggering 52%, according to JPMorgan analyst estimates. At the time of writing, the Elon Musk Trump feud has already sent shares tumbling 8% in June alone, and this highlights Tesla stock valuation concerns across the electric vehicle market. With Tesla trading at 166 times forward earnings versus the S&P 500’s 22 times, investors are questioning whether the company’s premium remains justified anymore. Also Read: Elon Musk’s xAI Taps Morgan Stanley for $5B Debt Amid Trump Feud Tesla Stock Volatility Grows Amid EV Tax Credit Removal And Musk-Trump Feud Source: Bitcoin.com EV Subsidies Drive Half Of Tesla’s Profits The Tesla stock susceptibility is likely to be more exposed because recent research shows that the company is in a hazardo...