Stock Track | Tesla Stock Surges After Trump's Election Victory on Hopes of Regulatory Support

Stock Track11-12

Tesla's (TSLA) stock price soared following Donald Trump's victory in the 2024 U.S. presidential election, fueled by investor optimism that the company and its CEO, Elon Musk, will benefit from a more favorable regulatory environment under the new administration.

Since Election Day on November 5, Tesla's shares have surged by nearly 30%, propelling the electric vehicle maker's market capitalization past the $1 trillion mark for the first time since April 2022. The rally comes as a direct result of Musk's close association with Trump throughout the campaign, during which the Tesla CEO spent over $130 million supporting the President-elect's bid for a second term.

Analysts believe that a Trump presidency could help expedite regulatory approval for Tesla's autonomous driving technology and potentially ease electric vehicle regulations. There is also speculation that Trump may eliminate EV tax credits, which could give Tesla a competitive advantage as one of the few profitable EV makers.

On Monday, Wedbush Securities analyst Dan Ives raised his price target on Tesla to $400 from $300, citing the potential for a "gamechanger" impact on the company's autonomous driving and AI initiatives under a Trump administration. Ives believes that the "federal regulatory spiderweb" around Tesla's full self-driving efforts could clear significantly, accelerating the company's autonomous driving timeline and providing a tailwind for its Cybercab (robotaxi) plans.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1170385116?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-12 05:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1170385116","market":"hk","top_or_hot":-1,"title":"Stock Track | Tesla Stock Surges After Trump's Election Victory on Hopes of Regulatory Support","media":"Stock Track","content":"<p>Tesla's (TSLA) stock price soared following Donald Trump's victory in the 2024 U.S. presidential election, fueled by investor optimism that the company and its CEO, Elon Musk, will benefit from a more favorable regulatory environment under the new administration.</p>\n\n<p>Since Election Day on November 5, Tesla's shares have surged by nearly 30%, propelling the electric vehicle maker's market capitalization past the $1 trillion mark for the first time since April 2022. The rally comes as a direct result of Musk's close association with Trump throughout the campaign, during which the Tesla CEO spent over $130 million supporting the President-elect's bid for a second term.</p>\n\n<p>Analysts believe that a Trump presidency could help expedite regulatory approval for Tesla's autonomous driving technology and potentially ease electric vehicle regulations. There is also speculation that Trump may eliminate EV tax credits, which could give Tesla a competitive advantage as one of the few profitable EV makers.</p>\n\n<p>On Monday, Wedbush Securities analyst Dan Ives raised his price target on Tesla to $400 from $300, citing the potential for a \"gamechanger\" impact on the company's autonomous driving and AI initiatives under a Trump administration. Ives believes that the \"federal regulatory spiderweb\" around Tesla's full self-driving efforts could clear significantly, accelerating the company's autonomous driving timeline and providing a tailwind for its Cybercab (robotaxi) plans.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Tesla Stock Surges After Trump's Election Victory on Hopes of Regulatory Support</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Tesla Stock Surges After Trump's Election Victory on Hopes of Regulatory Support\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-12 05:05 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla's (TSLA) stock price soared following Donald Trump's victory in the 2024 U.S. presidential election, fueled by investor optimism that the company and its CEO, Elon Musk, will benefit from a more...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLL","symbol_name":"Direxion Daily TSLA Bull 2X Shares","start_time":0,"source_url":"","article_id":"1170385116","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170385116","pubTimestamp":1731359138,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tesla's  stock price soared following Donald Trump's victory in the 2024 U.S. presidential election, fueled by investor optimism that the company and its CEO, Elon Musk, will benefit from a more favorable regulatory environment under the new administration.Since Election Day on November 5, Tesla's shares have surged by nearly 30%, propelling the electric vehicle maker's market capitalization past the $1 trillion mark for the first time since April 2022. The rally comes as a direct result of Musk","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLL":"Direxion Daily TSLA Bull 2X Shares"},"translate_title":"特朗普赢得大选后，特斯拉股价因希望获得监管支持而飙升","themeId":"e6e4529057a4d92dab095c0ca61c265e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1},"content_text":"Tesla's (TSLA) stock price soared following Donald Trump's victory in the 2024 U.S. presidential election, fueled by investor optimism that the company and its CEO, Elon Musk, will benefit from a more favorable regulatory environment under the new administration.\nSince Election Day on November 5, Tesla's shares have surged by nearly 30%, propelling the electric vehicle maker's market capitalization past the $1 trillion mark for the first time since April 2022. The rally comes as a direct result of Musk's close association with Trump throughout the campaign, during which the Tesla CEO spent over $130 million supporting the President-elect's bid for a second term.\nAnalysts believe that a Trump presidency could help expedite regulatory approval for Tesla's autonomous driving technology and potentially ease electric vehicle regulations. There is also speculation that Trump may eliminate EV tax credits, which could give Tesla a competitive advantage as one of the few profitable EV makers.\nOn Monday, Wedbush Securities analyst Dan Ives raised his price target on Tesla to $400 from $300, citing the potential for a \"gamechanger\" impact on the company's autonomous driving and AI initiatives under a Trump administration. Ives believes that the \"federal regulatory spiderweb\" around Tesla's full self-driving efforts could clear significantly, accelerating the company's autonomous driving timeline and providing a tailwind for its Cybercab (robotaxi) plans.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1170385116"}