Tesla (TSLA) CEO Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president's reelection campaign. This move comes despite potential conflicts with Trump's policy direction, as Trump's current vice presidential pick, Senator JD Vance (R-Oh.), is proposing to eliminate nearly $100 billion in electric vehicle subsidies through a proposed "Drive American Act."

Yahoo Finance special reporter Akiko Fujita analyzes these developments, shedding light on how a potential Trump presidency could impact policies surrounding electric vehicles and what Vance's Drive American Act could entail for the auto industry.

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This post was written by Angel Smith