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Trump also has promised toincrease oil production to prop up gas-powered cars.
Given this rhetoric, youd think EV leaderTeslawould suffer under a second Trump term.
But thats not necessarily the case.
Ive driven them and they are incredible, but theyre not for everybody, the ex-president said.
Those problems, combined with greater competition from other EV makers, have weakened Teslas financial returns.
The company recently reported a 45% year-over-year decline in earnings, while vehicle sales fell 4.8%.
Its share price took a hit following the earnings report, slowing its recent momentum.
So how would asecond Trump termimpact Tesla?
One potential problem is that environmentally conscious consumers tend to be politically progressive, which means many favor Democrats.
Musks embrace of Trump could sour some of them on Tesla.
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