Tesla stock jumped Monday following a report indicating President-elect Donald Trump will fast track regulations about self-driving cars, sending a positive signal on how Trump will oversee the electric vehicle giant helmed by the world's richest man, and close Trump ally, Elon Musk—days after Tesla stock reeled due to Trump's plan to kill a policy favorable to the company.
Tesla stock jumped Monday following a report indicating President-elect Donald Trump will fast track regulations about self-driving cars, sending a positive signal on how Trump will oversee the electric vehicle giant helmed by the world's richest man, and close Trump ally, Elon Musk—days after Tesla stock reeled due to Trump's plan to kill a policy favorable to the company.
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.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.