The election of Donald Trump has stoked optimism on Wall Street, where his business-friendly agenda is expected to juice economic growth and loosen regulations. Electric vehicle makers, however, face a hazier outlook than most other businesses.

It took only a few months for sales of the Prologue to pass most of the electron-powered cars in the US as loyal Honda owners go electric.

Elon Musk’s ascension as a top adviser to President-elect Donald Trump gives him tremendous power to sculpt the new administration’s approach to electric vehicles — and is sparking renewed scrutiny of his motives.

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,

Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.

Musk’s world-leading net worth is down $20 billion over the last three days due to the paring of the explosive gains after Trump’s victory.