Tesla could expect a 40% decrease in profits following Donald Trump’s inauguration as the new US president, despite Elon Musk’s close relationship with the incoming leader.
Following a sales downturn in the fourth quarter of 2024, JPMorgan has issued a cautionary outlook for its future prospects.
Analysts at JPMorgan forecast that Donald Trump’s proposal to revoke tax credits for electric vehicles and linked incentives may imperil approximately 40% of Tesla’s profits.
The company revealed a 6% decrease in sales for the last quarter of the year, a pattern that may persist through 2025.
“Tesla does not appear poised to monopolize the global auto industry amidst the ongoing shift to electric vehicles, which we perceive as merely the initial stage in determining current valuation,” the analyst Ryan Brinkman wrote in a note to clients on Friday morning.
(
To stay up-to-date with our latest news content, be sure to subscribe to our publications on MSN by clicking the “Follow” button adjacent to our logo.
