Musk's support of Trump is 'a poker move for the ages': Dan Ives
Tesla (TSLA) stock is surging after Donald Trump secured his second term as President of the United States. Tesla CEO Elon Musk's involvement in his political campaign has sparked speculation about a potential advisory role in Trump's administration. Wedbush managing director and senior equity research analyst Dan Ives joins Asking for a Trend to discuss potential impacts on Tesla and the broader tech sector. "It's a new era with Trump because ultimately, if you look now, autonomous is going to get fast-tracked in our opinion, and that is significant because of Tesla and the AI future," he tells Yahoo Finance, describing Musk's strategic backing of Trump a "poker move for the ages." Ives outlines three key potential impacts that could benefit: changes to EV tax credits could give Tesla advantages in price, scale, and scope, the Cybercab project "could get accelerated by years," and current regulatory issues "essentially now go away." "Musk is going to be a whisper in the White House, and that is something the market is factoring in," Ives states, describing it as "a Goldilocks scenario for any tech investor." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith
