EV TAX CREDIT, CONFLICTED ANALYSTS, TARIFF UPDATE

EV Channels Review

This episode of Tesla Daily focuses on market news impacting Tesla's stock price on December 16th, 2019. The primary drivers discussed are the US-China trade tariff updates, analyst commentary from Credit Suisse and Wedbush Securities, and the potential extension of the federal EV tax credit. The host notes Tesla's stock closed up 6.5% to $381.50, nearing its all-time high. Positive developments in the phase one trade deal, including suspended tariffs, boosted the overall market. Analysts, even those with bearish ratings like Credit Suisse, acknowledged Tesla's leadership in software and electrification. Wedbush Securities highlighted Tesla's production potential in China and Europe, suggesting shorts were entering hibernation. However, the prospect of an EV tax credit extension dimmed significantly due to White House resistance, which the host believes would have been beneficial for Tesla's margins and sales, despite acknowledging flaws in the per-manufacturer cap system. The episode also briefly touches on Robinhood offering fractional shares, potentially increasing interest from younger investors.