Tesla Could Benefit If Trump Returns To The White House

Elon Musk and Trump have met multiple times. If Trump were to return to the White House, it could prove beneficial to Tesla, Wedbush analysts wrote in a note to investors.Marc Piasecki/Joe Raedle/Getty ImagesWedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla.Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market.Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry.As Tesla's stock surges and the EV giant gears up for its (reportedly delayed) robotaxi unveiling, questions are swirling about how the impending US presidential election will impact Elon Musk's car company.According to a note to investors from Wedbush analysts, Trump's possible return to the White House could be a good thing for Tesla."Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Elon Musk and Tesla a clear competitive advantage in a non-EV subsidy environment," Wedbush analysts wrote in the note.Additionally, the Wedbush analysts wrote that a likely increase in tariffs on Chinese goods would "continue to push away cheaper Chinese EV players (BYD, Nio, etc.) from flooding the US market over the coming years."Chinese tariffs have remained a large talking point in Trump's campaign.