These 3 companies are set for meteoric growth thanks to a decision by the most powerful man on the planet

The designation of the most powerful man on the planet is open to interpretation. But it is most often used in connection with the American president. Although he is not a direct part of the market, he can influence it with his actions and statements. And Joe Biden recently came up with one that has literally brought a hurricane to the sails of many sectors. And we take a look at three representatives of one of them who could benefit from the president's decision.

Joe Biden's moves could help several companies

The U.S. government and automakers are sort of pulling together. Both sides seem to realize that such a sweeping change will require tens of billions of dollars in investment before consumers will move en masse to electric cars.

The president appeared at the North American International Auto Show to tout the so-called IRA, the Inflation Reduction Act, an effort to reduce inflation. He was mainly concerned with the impact the $749 billion move will have on the auto industry.

For the first time, the IRA provides tax credits for the purchase of new and used electric vehicles. So it is easy to see from this which industries and companies this money will flow to.

Tesla $TSLA+5.1%

Tesla is America's number one automaker and is therefore likely to ride the wave of tax breaks for the purchase of electric vehicles. For Americans, this is likely to be a tempting opportunity.

Ford $F+1.0%

While not a pure EV manufacturer, Ford is treading very aggressively into the EV sector. Therefore, it too should benefit from the IRA.

Rivian $RIVN+2.8%

I'm not entirely a fan of this company, but it would probably be unfair not to include it in the selection. He obviously has his fans (even in the ranks of Bulios readers, as I found out 😁) and he has even started manufacturing already, so he's on track to get a boost from Biden with his IRA.

https://www.youtube.com/watch?v=0BmG0ZlnmHE

What else will Biden and the IRA affect?

We'll stick with EVs - the new infrastructure bill passed last November invests $7.5 billion to build EV charging stations across America. Biden announced at the event that the first $900 million will be approved to build 500,000 charging stations across the country. A solid number.

However, under the bill, individual car dealerships cannot apply for funding as direct recipients. The funds are allocated to states, and one of the legal requirements associated with the funding is that the charging stations must be publicly accessible.

What is an IRA anyway?

TheInflation Reduction Act (careful not to confuse this with the other well-known American IRA which is the Individual Retirement Account, a form of retirement savings) is a groundbreaking United States law that aims to curb inflation by reducing the deficit, lowering prescription drug prices, and investing in domestic energy production while promoting clean energy.

It was enacted in 117. United States Congress and was signed into law by President Joe Biden on August 16, 2022. The Act was the result of negotiations on the Build Back Better Act, which was scaled back and comprehensively rewritten from the original proposal after opposition. The Act as passed will bring in $749 billion and authorize $391 billion in spending on energy and climate change, $238 billion in deficit reduction, three-year subsidies under the Affordable Care Act, prescription drug reform to lower drug prices, and tax reform. The Act represents the largest investment in addressing climate change in U.S. history.

Despite all the (seemingly positive) impacts, the IRA will find its opponents and the impact on reducing inflation is generally questionable.

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Disclaimer: This is in no way an investment recommendation. This is purely my summary and analysis based on data from the internet and a few other analyses. Investing in the financial markets is risky and everyone should invest based on their own decisions. I am just an amateur sharing my opinions.

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Over the last 6 years, I have had the privilege to work along some of the best entrepreneurial minds in the country - this allowed me to understand what each one of them was doing differently or not so differently. The following post is a summary of my findings on what differentiates successful internet companies from those trying to be successful or those that end up being unsuccessful. By no standards is this set comprehensive and I will continue to add to this - but a 'gun to my head' today the performance on following metrics is dramatically different for successful companies over their struggling or unsuccessful counterparts. And hence, the title of this post - 'Key metrics to kill for or else get killed'.

Dealerships cannot apply for funding as direct recipients.

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Disclaimer This is by no means an investment recommendation This is purely my summary and analysis based on data from the internet and other sources Investing in the financial markets is risky and everyone should invest based on their own decisions I am just an amateur sharing my opinions
Disclaimer This is by no means an investment recommendation This is purely my summary and analysis based on data from the internet and other sources Investing in the financial markets is risky and everyone should invest based on their own decisions I am just an amateur sharing my opinions
Please note that this is not financial advice Every investment must go through a thorough analysis
Just desire to say your article is as surprising The clearness in your post is simply spectacular and i could assume you are an expert on this subject Well with your permission let me to grab your feed to keep up to date with forthcoming post Thanks a million and please continue the gratifying work
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