Tesla Stock Plunges Post-Inauguration
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first EV tax creditYahoo Finance
•Science
Science
Tesla stock falls as Trump ends EV mandate, looks to eliminate subsidies
75% Informative
Trump revokes 78 executive orders made by Joe Biden during his tenure.
Biden administration had issued grants and extended tax credits aimed at bolstering the electric vehicle industry.
The first EV tax credit was passed under former President George W. Bush .
Despite Tuesday 's decline, Tesla shares have soared recently as part of the so-called Trump trade.
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