SOLO - Electric vehicle sector in focus as Democrat control in DC nears

Wedbush Securities plays some catch-up in the electric vehicle sector on the implication of the U.S. Senate flipping to the control of the Democrats. "A Blue Senate is very bullish and a potential 'game changer' for Tesla and the overall EV sector in the US, with a more green-driven agenda now certainly in the cards for the next few years. We believe a doubling down on EV tax credits and further consumer incentives and government initiatives around the EV sector will be on the horizon which is a major positive for Tesla, GM, Rivian, Fisker, and other auto players/EV supply chain (QS, etc.)," previews analyst Dan Ives on the new DC Setup. Ives and team believe the impact of a Biden Administration taking the reigns will have wide reaching ramifications across all sectors, in particular the focus on environmental issues and reducing the domestic carbon footprint could have a dramatic

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Electric vehicle sector in focus as Democrat control in DC nears