Reported 18 days ago
Elon Musk's financial backing and public support for Donald Trump have resulted in a significant boost for Tesla stock, which rose nearly 15%. While Trump's win could threaten existing EV incentives under the Biden administration, it may also provide Tesla with an advantage in a competitive market due to its established scale and technological lead. Experts suggest that Musk's ties with Trump might expedite regulatory approvals for Tesla's autonomous vehicle technology, potentially shaping a pivotal future for the company amidst changing political landscapes.
Source: YAHOO