TECH - 'Trump Presidency Would…Be Bullish For Tesla Negative For EVs' Says Top Analyst After First Face-Off Between Biden And Ex-President | Benzinga
Wedbush analyst and Tesla Inc (NASDAQ:TSLA) bull Dan Ives said on Friday that former President Donald Trump winning in the upcoming presidential elections could be a “silver lining positive” for the EV giant and its billionaire CEO Elon Musk.
What Happened: Ives is of the opinion that Tesla’s ‘comeback’ story has begun with the worst of demand issues in China fading out and the company expected to launch its robotaxi product in August. Furthermore, if Trump were to be elected President in the upcoming elections, it would be bullish for the company, Ives told CNBC.
“A Trump presidency would, at the end of the day, be bullish for Tesla, negative for EVs,” Ives said. The analyst expects Musk to get more front and center if Trump is in ...