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Tesla shares jump nearly 8% on Trump’s self-driving policy
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Tesla shares jump nearly 8% on Trump’s self-driving policy

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Tesla’s shares increased Monday following reports suggesting United States President-elect Donald Trump’s administration plans to prioritize developing federal regulations for self-driving vehicles.

According to Bloomberg News, Tesla’s stock rose 7.98% in U.S. premarket trading as of 6:11 a.m. ET.

Elon Musk was selected by Trump to lead a new entity focused on reducing bureaucracy within the government.

This appointment could potentially impact Tesla, given Musk’s position at the forefront of autonomous vehicle development.

Recent Tesla developments

Timeline
11-Nov-2024 🚗 Tesla market cap tops $1t after Trump win
  • Tesla shares up 8%, market cap hits $1 trillion
  • 29% rally post-Trump election boosts investor optimism
07-Nov-2024 🚗 Tesla gains 14.8% as EV rivals slump on policy outlook
  • Tesla shares up 14.8% amid Trump policy speculations
  • Other EV stocks drop; Nio down 5.3%, Rivian 8.3%
25-Oct-2024 📈 Tesla shares soar 22% on strong sales growth outlook
  • Tesla shares soared nearly 22% in one day
  • Musk predicts 20%-30% sales growth next year
24-Oct-2024 ⚡ Tesla plans affordable EV launch in 2025
  • Tesla plans affordable EVs by 2025.
  • Q3 net income reaches $2.2B, up 17%.
24-Oct-2024 📈 Tesla shares surge 12% in Q3
  • Tesla shares up 12% after Q3 earnings report
  • Earnings per share at US$0.72, beating estimates

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