Tesla Remains Piper Sandler’s Top ‘Buy-and-Hold’ Idea, But Trump’s EV Threat Dents Stock And Retail Confidence
Shares of Tesla Inc. dropped nearly 3% on Tuesday morning, the first trading day after Donald Trump’s second inauguration as U.S. President. During his inauguration speech on Monday, Trump vowed to dismantle Environmental Protection Agency (EPA) rules requiring automakers to sell all-battery electric vehicles (EVs) to avoid severe emissions-related fines.