Elon Musk May Have Endorsed Trump, But Tesla Would Have Done 'Even Worse' Without Biden's $7.5K EV Tax Credit, Says Fund Manager

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Elon Musk May Have Endorsed Trump, But Tesla Would Have Done 'Even Worse' Without Biden's $7.5K EV Tax Credit, Says Fund Manager - Benzinga

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What Happened: “The reason $TSLA hasn't done well under the Biden Presidency has nothing to do with Biden,” said The Future Fund LLC Managing Partner Gary Black.

On the other hand, Tesla benefited from the $7,500 federal electric vehicle tax credit, he pointed out.“Absent Biden's $7,500 EV credit, TSLA would have done even worse,” he said.

Black also waded into the election debate.“Those expecting a [Donald] Trump/[J.D.]Vance landslide in 2024 were getting ahead of themselves since it was pretty clear after the debate that Biden would drop out ...