[Wedbush: Trump's election will be bad for electric car manufacturers other than Tesla] Golden Finance reported that Wedbush analysts said that Trump's election as US president will have a negative impact on the electric vehicle market as a whole, as the US federal government may cancel electric vehicle rebates and tax incentives. They pointed out that Elon Musk's support for Trump is a bet on the fact that given Tesla's unparalleled scale and scope in the industry, an environment without electric vehicle subsidies will give Tesla a clear competitive advantage. "If Harris wins, we expect the electric vehicle tax credit to remain unchanged and eventually increase in 2025, as the goal of getting more American consumers to buy electric vehicles will be a focus of the Harris administration," the analysts wrote.