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.

Sales of Tesla electric vehicles have slipped further in the German market during 2024, according to registration data from the country's Motor Transport Authority (KBA). Billionaire Elon Musk's brand is only in third place this year - behind German car companies Volkswagen and BMW.

Shares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race.

Thanks to Elon Musk’s influence, the president-elect has waffled on the future of America’s electric transition.

Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader.