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,

Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla - by far the nation's largest EV seller - have told a Trump-transition committee they support ending the subsidy,

Musk has emerged as a prominent member of Trump's inner circle. Tesla has lobbied for electric vehicle subsidies and other benefits over the years.