President Donald Trump is trying to halt the flow of funding for EV charging infrastructure from two programs that Tesla has benefitted from — the latest

Tesla Inc.’s stock shed early gains Tuesday that came on expectations that Chief Executive Elon Musk’s close relationship with the new administration will help the electric-vehicle maker, with sentiment further buoyed by a bullish note from Piper Sandler.

President Donald Trump vowed to eliminate the electric-vehicle mandate in his inaugural address, although strictly speaking, there is no mandate. His statement could mean a few things for Tesla and the U.

Piper Sandler analyst Alexander Potter on Monday raised his price target on Tesla stock to $500 from $315, citing his belief that Tesla will shift away from launching new EVs and instead focus on "popularizing" its autonomous driving software called Full Self-Driving (FSD).

Trump indicated he is likely to seek to repeal a $7,500 tax credit for new EV purchases approved by Congress as part of Biden's landmark 2022 climate law.

Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.

US President Donald Trump has ordered his administration to “eliminate the electric-vehicle mandate” — his bid to undo regulations governing automotive pollution and fuel-economy standards which he says unfairly limit consumer choice.