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.

Shares of Tesla Inc. slumped Tuesday alongside other electric-vehicle makers, while space company stocks saw big gains, after President Donald Trump announced a series of policies that could have wide-ranging impacts on markets.

President Donald Trump vowed to eliminate the electric vehicle mandate in his inaugural address. There is no mandate. His statement can mean a few things for Tesla and the U.S. auto industry. “We will end the Green New Deal and we will revoke the electric vehicle mandate,

Tesla stock jumped on the first trading day since the inauguration of now-president Donald Trump. Shares climbed despite Trump signing an executive order Monday aimed at reversing the prior administration’s electric vehicle policies.