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Gary Black Questions Elon Musk's Take On EV Credit Removal After Tesla Sales Drop In Europe: 'Not Sure How The Math Works' - Tesla (NASDAQ:TSLA)

1. Tesla's sales in Europe fell significantly after EV incentives ended. 2. France saw a 34% drop and Germany 41% in Tesla's sales. 3. Potential U.S. impacts loom with Trump's planned EV tax credit removal. 4. Global deliveries slightly decreased to 1.79 million in 2024. 5. No tax credit raises Tesla's prices versus luxury competitors.

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FAQ

Why Bearish?

Loss of EV tax credits could weaken Tesla's market competitiveness, similarly observed in Europe.

How important is it?

Tax incentives are crucial for EV sales; their removal may negatively affect Tesla's revenue.

Why Short Term?

Immediate sales impact expected in 2025 if the tax credit is eliminated.

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