President-elect Joe Biden presents a mixed bag for Tesla and other electric car-makers.
On the pro side, Biden’s stated goals for clean energy and manufacturing could mean new government incentives for American manufacturers, especially electric vehicle makers. But stronger enforcement of labor, financial and other regulations could make it harder for Tesla and its mercurial CEO, Elon Musk, to push boundaries.
Both Tesla bulls and bears have the ear of the president-elect — Kynikos Associates founder and famed Tesla shortseller Jim Chanos was an early proponent for Biden, and Steve Westly, a former Tesla board member, was a big fundraiser for Biden as well.
