Tesla Shares Jumped 6%, Reaching $463 as Confidence Grows in Autonomous Future
As a result of confidence regarding Tesla’s autonomous opportunity and the Trump factor, the company’s shares reached yet another new high on Monday, continuing its end-of-year spree. Tesla’s stock closed at $463 per share, up more than 6%. Due to favorable news stories about Tesla’s and CEO Elon Musk’s relationship with President-elect Donald Trump, the stock has risen an astounding 18% over the last five days. Since Election Day, Tesla stock has risen a staggering 75%.
Trump’s Potential Move to Ease Self-Driving Car Regulations Could Boost Tesla
For example, Team Trump has suggested that the new administration revoke a National Highway Traffic Safety Administration (NHTSA) regulation mandating automakers to disclose crashes involving autonomous or self-driving systems, according to a Reuters report on Friday. Clearly, Tesla would benefit from such a move. According to Reuters, the business has been required to notify the NHTSA of over 1,500 crashes employing its Autopilot and FSD (Full Self-Driving) software.
Tesla would greatly benefit from easing regulations pertaining to the introduction of self-driving cars, particularly ones without steering wheels or pedals. Musk has stated time and time again that FSD and autonomous technologies are critical to the company’s future.
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