Stock Track | Tesla Stock Surges on Elon Musk's Ties to President-elect Trump, Fueling Policy Hopes
Shares of Tesla Inc. skyrocketed on Monday, surging 5.62% as investors grew increasingly optimistic about the potential benefits for the electric vehicle maker following the victory of Donald Trump in the U.S. presidential election. The stock rally was primarily driven by the close relationship between Tesla CEO Elon Musk and the president-elect, as well as Musk's vocal support and substantial financial contributions to Trump's campaign.According to reports, Musk, a billionaire entrepreneur, en
US agency says Tesla's public statements imply that its vehicles can drive themselves. They can't.
DETROIT — The U.S. government's highway safety agency says Tesla is telling drivers in public statements that its vehicles can drive themselves, conflicting with owners manuals and briefings with the agency saying the electric vehicles need human supervision.The National Highway Traffic Safety Administration is asking the company to “revisit its communications” to make sure messages are consistent with user instructions.The request came in a May email to the company from Gregory Magno, a division chief with the agency's Office of Defects Investigation. It was attached to a letter seeking information on a probe into crashes involving Tesla's “Full Self-Driving” system in low-visibility conditions. The letter was posted Friday on the agency's website.The agency began the investigation in October after getting reports of four crashes involving “Full Self-Driving" when Teslas encountered sun glare, fog and airborne dust. An Arizona pedestrian was killed in one of the crashes.On April 11,
Tesla Soars as Musk’s All-In Bet on Trump Seen Reaping Rewards
Tesla Inc. shares climbed in early trading as investors wager the carmaker run by Elon Musk will be a major beneficiary of Republican nominee Donald Trump nearing a second election to the White House.The Tesla chief executive officer was arguably the most prominent supporter of Trump this election cycle, backing Republicans with more than $130 million in spending. He also was a relentless messenger supporting the GOP and attacking Democrats on X, his social media network.“The biggest positive fr
S&P 500 Rises Slightly as Wall Street Awaits U.S. Presidential Election Results
The S&P 500 rose slightly Tuesday ahead of a high-stakes U.S. presidential election.The latest poll from NBC News suggests the race is“neck and neck”between former President Donald Trump and Vice Pres