The automotive lobbying group Alliance for Automotive Innovation is leading efforts to keep the EV purchase tax credit.

Tesla (NASDAQ: TSLA) shares have been on a roll in recent weeks. Tesla shares were higher by 3.7% as of 1:45 p.m. ET. Much of the recent euphoria has been related to CEO Elon Musk and his relationship with President-elect Donald Trump.

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,

Tesla shares fell as much as 7% Tuesday, retreating from their earlier gains as a face of the “Trump trade.” Tesla, recently down about 6.3% on the day, was one of the S&P 500’s biggest gaine

It’s a small move for Tesla. Shares have moved an average of about 5%, up or down, since the Nov. 5 presidential election. Coming into Friday trading, Tesla stock was up almost