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President-elect Donald Trump is set to assume office in less than a week on Jan. 20. His reelection sent jitters across the clean energy ecosystem, and not without reason. Trump has vowed to end the “EV mandate” — policies designed to disincentivize driving gas-powered cars — on the very first day of his presidency.
Tesla (TSLA) was a notable exception to the clean energy bloodshed. The stock, which was having a lackluster year prior to November, ended up gaining over 62% in 2024. The bulk of these gains came after the election results.