President Donald Trump is trying to halt the flow of funding for EV charging infrastructure from two programs that have benefited Tesla — the latest

Tesla Inc.’s stock shed early gains Tuesday that came on expectations that Chief Executive Elon Musk’s close relationship with the new administration will help the electric-vehicle maker, with sentiment further buoyed by a bullish note from Piper Sandler.

President Donald Trump vowed to eliminate the electric-vehicle mandate in his inaugural address, although strictly speaking, there is no mandate. His statement could mean a few things for Tesla and the U.

The Detroit automakers’ shares are rising Tuesday while their fully-electric rivals saw their stocks fall as President Donald Trump began tearing into his predecessor’s pro-EV moves.

Tesla stock jumped on the first trading day since the inauguration of now-president Donald Trump. Shares climbed despite Trump signing an executive order Monday aimed at reversing the prior administration’s electric vehicle policies.