Trump stabbed Musk? $XRP

As soon as Trump came to power, he cut the subsidies for people who bought electric cars. In fact, Musk had long been indifferent to this matter. He said at a financial report meeting: "This is a bolt from the blue for our opponents, but it is just a drizzle for Tesla. In the long run, it may help us."

Trump's election is a blow to the electric vehicle industry as a whole, but it is a great thing for Tesla.

Trump's team is planning to abolish the $7,500 tax exemption for electric vehicles. Musk directly called on social media to end all government subsidies, whether it is electric vehicles or oil and gas, and treat them equally.

In order to sell more cars, Tesla spent a lot of money last year, and the prices of many models plunged, provoking a price war, and cutting its own profit margins, just to maintain its position as the market leader.

According to statistics, half of the nearly 600,000 electric vehicles sold in the United States in the first half of 2023 were Tesla's. Ford, which ranks second, accounts for just over 7% of sales.

Even if the loss of the electric vehicle tax credit may hurt some marginal demand in the United States, it will make Tesla better able to withstand competition from Detroit. Because once the tax credit is gone, Tesla's pricing, scale and scope will be like "apples and oranges" compared to other automakers.