Joe Biden’s climate plan is great news for Tesla, Wall Street analyst says

Business Insider Australia | Oct 26, 2020 at 4:47 PM
  • Joe Biden’s plan to subsidise electric vehicles and significantly accelerate the rollout of charging stations in the United States could be a boon for Tesla.
  • As part of his charge to create 1 million automotive jobs, Biden has planned an aggressive increase in the number of electric-vehicle charging stations to 550,000 from current levels around 27,000.
  • Tax credits — both those that reduce consumer sticker price , and those sold to other automakers that help Tesla’s bottom line — are another large focus of Biden’s policy proposals.