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Benzinga
Benzinga
Business
Erica Kollmann

Tesla, Rivals Brace For EV Market 'Collapse'—Thanks To Trump

EVs electric vehicles

Tesla, Inc. (NASDAQ:TSLA) and other automakers are grappling with what could be a sharp disruption to the EV market after federal subsidies that had helped sustain demand have expired. 

Executives warn that the removal of these incentives could trigger a sudden decline in sales, posing a significant challenge for companies that have invested billions in electrification.

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