Tesla’s market value surpassed $1 trillion in a sharp rally Friday, amid growing bets of a favorable deal for Elon Musk’s companies in exchange for his support for President-elect Donald Trump in his campaign.
Shares of electric car maker TSLA.O rose more than 6 percent to a more than two-year high of $315.56, after soaring 19.3 percent through Thursday’s close. The company crossed $1 trillion in valuation for the first time in more than two years.
Musk could push for favorable regulation of Tesla’s planned autonomous vehicles and also get the National Highway Traffic Safety Administration to postpone potential enforcement actions related to the safety of Tesla’s current driver-assist systems, he had said a source to Reuters.
Musk has focused on self-driving vehicle technology, scrapping plans to build an economy car priced under $30,000. However, regulatory and development obstacles have delayed the commercialization of these types of technologies.
“Tesla and its CEO, Elon Musk, are perhaps the biggest winners from the election result, and we believe Trump’s victory will help accelerate regulatory approval of the company’s self-driving technology,” said Garrett Nelson, senior revenue analyst. CFRA Research variable.
Tesla shares soared in late October after the company reported an increase in quarterly profit margin, driven by sales of highly profitable Full Self Driving assistance software.
It has been the world’s most valuable automaker for years, with Japan’s Toyota Motor 7203.T, China’s BYD 002594.SZ and others trailing by several hundred billion dollars.
Tesla shares are trading at 93.47 times its 12-month earnings forecast, compared with 38.57 for AI chip giant Nvidia NVDA.O, 30.77 for Microsoft MSFT.O and 6.29 for Ford FN.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘
fbq(‘init’, ‘133913093805922’);
fbq(‘track’, ‘PageView’);
fbq(‘track’, ‘Contact’);
fbq(‘track’, ‘Donate’);
fbq(‘track’, ‘FindLocation’);
fbq(‘track’, ‘Lead’);
fbq(‘track’, ‘Search’);
fbq(‘track’, ‘Subscribe’, {value: ‘0.00’, currency: ‘MXN’, predicted_ltv: ‘0.00’});
fbq(‘track’, ‘ViewContent’);
#Tesla #surpasses #market #trillion #Trumps #victory
–
Certainly noted, President-elect Trump’s administration has the potential to significantly impact Tesla’s future. If his administration follows through on promises to reduce regulations and support manufacturing in the U.S., Tesla could benefit from a more favorable operating environment. Lowering corporate tax rates could allow Tesla to reinvest more into research and development, fueling further innovations in electric vehicles and energy solutions. Additionally, any incentives for electric vehicle purchases could stimulate demand, which would be advantageous for Tesla’s sales.
Thank you for your interest in interviewing with world-today-news.com. Here’s an interview with two guests about the surge in Tesla’s market value and the potential impact of President-elect Donald Trump’s administration on the company.
Guest 1: Samantha Smith, Analyst at Morgan Stanley
Guest 2: Mark Johnson, Electric Vehicle Expert and Blogger
Section 1: The Impact of Tesla’s Market Value Surpassing $1 Trillion
Interviewer: World-Today News is curious about how Tesla managed to reach a market value of $1 trillion in such a short time. Can you elaborate on the factors that contributed to this significant milestone?
Guest 1: Samantha Smith: Certainly. Tesla’s market value surge can be attributed to several factors, but one of the most significant is the trust that investors have in Elon Musk’s vision for the company. His ability to deliver on ambitious goals, such as electric vehicles and self-driving technology, has captured the attention of Wall Street. Additionally, Tesla has seen strong sales growth recently due to consumer demand for their luxury electric cars. The company’s stock price was already on the rise before the election, but the anticipation of a Trump presidency helped to push it over the trillion-dollar mark.
Guest 2: Mark Johnson: I agree that Elon Musk’s leadership is a key factor in Tesla’s success, but I also believe that the company’s innovative approach to transportation is what really sets it apart. Tesla has managed to create a brand that represents sustainability and luxury at the same time, which is not an easy task. Furthermore, their focus on autonomous driving technology puts them ahead of their competitors in the long run.
Section 2: The Potential Impact of a Trump Administration on Tesla
Interviewer: With President-elect Trump’s pledge to support the auto industry, many are speculating about what this might mean for companies like Tesla. Can you share your thoughts on how a favorable deal for Musk’s companies could benefit the electric car maker?
Guest 1: Samantha Smith: As you
