Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Tesla shares rose nearly 7% in trading before the bell on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for autonomous vehicles.
Shares of Tesla (TSLA) are jumping in premarket trading Monday on a report that President-elect Donald Trump's transition team is planning a federal framework for fully self-driving vehicles, as investors bet on easier rules for the company's robotaxi.
Shares of Tesla Inc. NASDAQ: TSLA have been the subject of much criticism in the past few months, as the company was seen as out of favor during the previous market cycle. This is especially the case as the price of oil remains below $75 and struggles to rise, meaning that fuel costs aren't high enough yet to justify ownership of electric vehicles as an alternative source.
Tesla Inc (NASDAQ:TSLA) shares gained over 8% ahead of Monday's trading on a report president-elect Donald Trump was to prioritise creating a framework around self-driving cars. Trump's transition team has told advisors a federal framework around fully self-driving vehicles will be a priority for the Transportation Department, according to Bloomberg.
Donald Trump's victory in the 2024 presidential election has sent Tesla Motors (NASDAQ: TSLA) stock on a somewhat surprising rollercoaster ride.
Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
Tesla stock rocketed on Monday on a report President-elect Donald Trump's team will make rules for self-driving cars a priority.
If You Bought 1 Share of Tesla Stock at Its IPO, Here's How Many Shares You Would Own Now
Tesla shares rise after a report says President-elect Trump will seek to set a national standard for self-driving cars.
Tesla was indicated solidly higher on a report that President-elect Donald Trump wants a national framework for self-driving vehicles. The post Tesla Jumps As Team Trump Eyes National Self-Driving Rules appeared first on Investor's Business Daily.
The share price of electric vehicle manufacturer Tesla (NASDAQ: TSLA) remains at a critical juncture, facing the increasing threat of dropping below the $300 support.