Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss the impact of President Trump's victory on Tesla's soaring stock price.
Tesla shares soared more than 8% on Monday morning, but pared losses in the early afternoon after reports over the weekend that President-elect Trump's transition team was considering loosening regulations around self-driving cars. .
Trump's team plans to develop a regulatory framework for autonomous vehicles as part of a major Department of Transportation (DOT) priority, Bloomberg Sunday reported.
Tesla shares rose on Monday after reports that the Trump administration is seeking to loosen regulations on self-driving cars. (Photo credit: Stanislav Kogiku/SOPA Images/LightRocket via Getty Images / Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 335.47 | +14.75 |
+4.60% |
“This is a major step forward in U.S. deregulation of self-driving cars, and a major move for Tesla's self-driving and AI vision for 2025,” Wedbush analysts led by Dan Ives said in a post-press note. It will be a tailwind,” he wrote.
Elon Musk says President Trump's role in efficiency sector will be 'revolutionary'
Since Trump won the presidential election and secured a second term with the support of Tesla CEO Elon Musk, whom Trump named to co-head his new Office of Government Efficiency. , Tesla stock has risen more than 53% in the past month.
Tesla CEO Elon speaks on stage with former U.S. president and Republican presidential candidate Donald Trump during a campaign rally at the site of the first assassination attempt in Butler, Pennsylvania, October 5, 2024.・Mr. Musk (Republican). (Jim Watson/AFP via Getty Images/Getty Images)
“Musk's enormous influence in President Trump's White House is already significant, and the bold strategic alliance between Trump and Musk unfolds in real time and in great concert,” the analysts said. , ultimately Tesla's golden path to cybercabs and self-driving is now within reach.” Along with our paper. ”
Musk's 'big bet' on Trump's victory drives Tesla's valuation to $2 trillion, analyst says
Webbush analysts predicted in an earlier note that Tesla's valuation could double to $2 trillion over the next 18 months.
Jonathan Honig, a hedge fund manager at Capitalist Pig, reveals the main movements of “Trump trading'' in the stock market in “Berney & Company.''
Shares of ride-sharing giants Uber and Lyft fell on Monday, falling about 6.5% and 5.5%, respectively, although Tesla shares rose on news that the second Trump administration is pushing ahead with a self-driving car framework. did.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Uber | Uber Technologies Co., Ltd. | 69.39 | -3.86 |
-5.27% |
| lift | Lift Co., Ltd. | 17.30 | -0.82 |
-4.55% |
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