Wall Street and Musk bet on Trump, auto stocks surge on emissions rollback hopes – Liam Denning
Detroit supported Vice President Harris, but Wall Street favoured Trump, driving up GM and Ford shares. Investors anticipate relaxed emissions standards, fewer EV incentives, and potential tariffs, favouring Detroit's gas vehicles. However, Trump's promises may bring complications, such as tariffs raising consumer costs and slowing EV progress, especially amid Tesla's unique advantages.
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By Liam Denning Â
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