Tesla could see 40% of its profits evaporate when Trump takes office, JPMorgan says

Elon Musk threw his support behind Donald Trump's reelection campaign.

Getty Images

• Tesla's disappointing sales could be a wake-up call for investors.
• JPMorgan estimated that Trump's proposed cuts to EV subsidies could cost Tesla $3.2 billion.
• Musk's car company benefits from existing emissions regulations.

Tesla is poised for a tough year under the second Trump administration, despite CEO Elon Musk's friendship with the president-elect.

Following disappointing...