Hyperdrive

How Trump Could Vaporize 40% of Tesla’s Profits

Analysts at JPMorgan are casting doubt on the sharp post-election rise in the EV maker’s shares.

President-elect Donald Trump and Tesla CEO Elon Musk talk ringside during a UFC event on Nov. 16 at Madison Square Garden in New York City.

Photographer: Chris Unger/Zuffa LLC/Getty Images

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The prevailing wisdom since Election Day has been that Tesla will be one of the biggest beneficiaries of Donald Trump’s return to the White House.