North America CNN
Tesla and Ford Outshine Trump on Electric Vehicles Ahead of Midterm Elections
US President Joe Biden has gained a significant advantage over his predecessor Donald Trump in the electric vehicle market after the latter's decision to exit the industry. This move is seen as a huge win for Biden's trade rival and marks a major shift in Trump's stance on EVs.
Former US President Donald Trump's recent move to drop electric vehicle (EV) production from his company's operations is a significant victory for rival businessman and former CEO of Tesla Elon Musk, according to reports. The decision comes as EVs continue to gain popularity globally. Trump's withdrawal from the market may limit his access to the lucrative EV industry, while Musk can now potentially capitalize on Trump's exit. This development suggests that Trump's departure from the EV sector has boosted Musk's chances in the highly competitive electric vehicle market.
Brief written with AI from reporting by CNN. All rights to the original story belong to the publisher.