Elon Musk, praised by Trump, welcomes "protection" of policies, Tesla, Inc. (TSLA.US) autonomous driving approval may accelerate.

On Wednesday, the stock price of Tesla, Inc. (TSLA.US) surged by 14.7%, with trading volume exceeding 148 million shares, hitting a 52-week high of $289.59 during the session, and its market value is expected to exceed $1 trillion. Part of this increase is attributed to investors' increased confidence in Tesla, Inc.'s autonomous driving technology after President Trump praised Elon Musk as a "super genius" in his victory speech. Analyst Gene Munster of Deepwater Asset Management predicts that the Trump administration may expedite approval of Tesla, Inc.'s autonomous driving plans, which is crucial for the advancement of the technology. During Wednesday's trading, Tesla, Inc.'s stock performed well, closing 14.7% higher with a trading volume of 148 million shares, hitting a 52-week high of $289.59, with the market value potentially entering the $1 trillion club. This surge in stock price is related to investor sentiment and confidence, particularly after Trump's praise of Elon Musk as a "super genius," making the market more bullish on Tesla, Inc.'s investment prospects in the autonomous driving field. Analyst Gene Munster of Deepwater Asset Management believes that Trump's presidency may have a positive impact on Tesla, Inc.'s autonomous driving plans, as the federal government may expedite the approval of such plans. He emphasized that since regulatory challenges for autonomous driving are greater than technological challenges, this is particularly important. Munster further analyzed that if Tesla, Inc. could capture 50% of the US ride-hailing market by 2030, its revenue would increase by 20%, or about $5 billion. The momentum in the autonomous driving industry is strong. Last month, Tesla, Inc. hosted a highly anticipated event for its Siasun Robot & Automation taxi service, and the Chinese autonomous driving car newcomer Pony.ai (PONY.US) applied for an IPO on Nasdaq, while Uber Technologies, Inc. (UBER.US) announced a series of notable autonomous driving car partnerships. Additionally, last week, Waymo announced that its Waymo One service now offers over 150,000 paid trips per week, with autonomous driving mileage exceeding 1 million miles, shaking up the autonomous driving industry. While the autonomous driving industry overall is performing strongly, concerns about government support for the electric car industry outweigh enthusiasm for autonomous driving approvals, leading to a 2.3% drop in the iShares Autonomous Electric Vehicles and Technology ETF (IDRV.US). Meanwhile, Uber Technologies, Inc. saw a 0.3% increase in stock price, General Motors Company's (GM.US) Cruise rose by 2.5%, and Alphabet's (GOOGL.US) Waymo increased by 4.0%. Musk is a key supporter of Trump's 2024 re-election campaign and a beneficiary of his policies As an important donor to Trump's campaign funds, Musk is expected to play a significant role in the Trump administration, with Trump announcing the formation of a government efficiency commission led by Musk aimed at reducing federal spending. It is worth mentioning that Musk, who owns the Starlink satellite broadband system and Tesla, Inc., is already a major contractor to the US Department of Defense, with his influence expected to expand further. While Trump opposes certain policies, such as the CECEP Solar Energy and electric vehicle tax credits passed by the Biden administration's Inflation Reduction Act, these policies have limited impact on Musk's business due to Tesla, Inc.'s large market sales. Conversely, Trump's stance on reducing electric vehicle mandates could have a greater impact on Musk's competitors. Electric car industry groups have expressed readiness to work with Trump, despite his pledge to reverse many of his predecessor's policies supporting electric vehicles. Dennis Dick, a trader at Triple D Trading, pointed out that Musk is using his relationship with Trump to hedge his bets and may receive favorable treatment from the Trump administration as a result. Especially with regard to obtaining regulatory approval for fully autonomous driving, Trump's support may expedite approval for Musk. Meanwhile, Tesla, Inc.'s competitors Lucid Group (LCID.US) and Rivian Automotive (RIVN.US) saw their stock prices drop by 5.3% and 8.3% respectively. Analysts suggest that Trump's commitment to imposing high tariffs on Chinese imports, especially electric vehicles, could shield Tesla, Inc. from competitive pressures. It is unclear how Musk will handle conflicting interests in the automotive, aerospace, medical, construction, and artificial intelligence industries, or whether he will take advantage of these interests in a Trump administration that relaxes regulations. Mamta Valechha, analyst for non-essential consumer products at Quilter Cheviot, stated that positions overseeing regulatory relaxation and spending cuts will give Musk influence over US policy on artificial intelligence, space exploration, and electric vehicles, all of which he has direct interests in. Musk may use his influence to reduce regulation on his businesses. He has been critical of federal scrutiny of his SpaceX rocket business and hopes to expedite approval for his autonomous driving technology. As a staunch supporter of carbon-free energy, Tesla, Inc. is a major supplier of CECEP Solar Energy systems and batteries. However, Trump has promised to shut down the offshore wind energy industry and revoke all unused funds under the Inflation Reduction Act. Nevertheless, Republican-majority states benefit from the act. (Note: This translation has been optimized for language clarity and does not correspond exactly to the original text.) In addition, Musk is also building his second American electric car factory in Texas.Je ne comprends pas.