US Stock Market Move | Trump's New Policies Boost Autonomous Driving with Major Policy Favoring Tesla, Inc. (TSLA.US) Soars Over 6% in Pre-market Trading.
18/11/2024
GMT Eight
On Monday, Tesla, Inc. (TSLA.US) surged over 6% in pre-market trading, reaching $341.34 per share. In terms of news, it was reported that the Trump transition team has informed advisors that they plan to make the federal framework for fully autonomous vehicles a top priority for the U.S. Department of Transportation. Analyst Dan Ives of Wedbush Securities stated that this development could signify a major step forward for the U.S. in relaxing regulations on autonomous vehicles, and it will provide significant support for Tesla, Inc. in achieving its vision for autonomous driving and artificial intelligence by 2025.
Wedbush Securities estimates that the opportunities in artificial intelligence and autonomous driving alone could bring Tesla, Inc. $1 trillion in value, and it is expected that with Trump taking office, the federal regulatory obstacles that Tesla has faced in the past few years in terms of FSD/autonomous driving will now be significantly cleared in this new Trump era, and these key measures will now be quickly followed up on.