Why Tesla Stock Is Threatened By Trump's EV Cuts

CNBC March 7, 2025
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Elon Musk is both the CEO of the largest U.S. EV maker and the right-hand-man to President Donald Trump. But Trump is working to strip away the federal and state policies that have fueled Tesla’s rise–EV tax breaks, carbon credits and money for charging stations. Investors and analysts are divided over whether Musk’s Trump support and active White House role is driving Tesla into the ground, or, somehow, securing its future. CNBC takes a look at the evidence and breaks down both the optimistic and pessimistic cases. Chapters: 00:00 - 01:12 Introduction 01:19 Chapter 1: Trump and EV mandates 03:37 Chapter 2: EV tax credits 05:56 Chapter 3: Tariffs, vehicle credits, and charging 09:32 Chapter 4: Bull cases Producer: Robert Ferris Editor: Evan Lee Miller Animation: Jason Reginato Senior Managing Producer: Tala Hadavi Additional Production Support: Lora Kolodny Additional footage: Chevrolet, Ford, Getty Images, Hyundai, Kia, Tesla, Toyota, Rivian, Waymo, Zoox » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to earn some extra money on the side? Take CNBC’s new online course How to Start a Side Hustle to learn tips to get started and strategies for success from top side hustle experts. Pre-register now and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through April 1, 2025: https://cnb.cx/4gPqi2y Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why Tesla Stock Is Threatened By Trump's EV Cuts

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