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.

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

Tesla shares TSLA ended the day down 0.6%, after falling as much as 4% intraday, tracking losses in the broader EV space, while shares of Rivian Automotive Inc. RIVN were down 6%, Nikola Corp. NKLA fell 9% and Lucid Group Inc. LCID lost 7%.

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.

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.

President Donald Trump names just two programs in his executive order to halt Green New Deal funding — and both focus on electric vehicle charging. The name check is casting a fog of uncertainty over the many companies,