Tesla share price surged over 5% on Wednesday, closing at $282.76 per share, ahead of an anticipated trade policy announcement by US President Donald Trump. However, during extended trading hours, Tesla stock price dipped more than 3%, mirroring a broader decline in US stock futures. Trump Tariffs on Auto & Its Impact Trump’s newly imposed…
Tesla CEO Elon Musk attends the groundbreaking ceremony of Tesla Shanghai gigafactory on Jan. 7, 2019. Xinhua News Agency via Getty Images Earlier this week, reports emerged that China’s rulers viewed the world’s richest person and Donald Trump’s informal adviser Elon Musk as a suitable buyer of TikTok, which will be banned in the U.S….
US auto stocks including Tesla, Rivian and General Motors fell on Thursday after a report said that President-elect Donald Trump planned to end the consumer tax credit for electric vehicles. Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters reported, citing…