President-elect Trump's transition team is aiming to scrap the tax credit for purchasing electric vehicles enacted during the Biden administration, Reuters reports.

With a second Trump administration taking shape, it is time for automotive investors, especially Tesla stockholders, to brush up on their acronyms. Knowing them—especially a key one—can help investors react to changing policies and protect their money.

President-elect Donald Trump will reportedly cut the EV tax credit when he takes office in January, but contrary to popular belief, Wedbush analysts say the move could actually benefit Trump’s “first buddy,