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.
President-elect Donald Trump's transition team has signalled plans to prioritize the development of a federal framework for fully autonomous vehicles, a move that could have significant implications for Tesla Inc. and its CEO, Elon Musk, Bloomberg reported.
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.