Reported 1 day ago
Tesla shares climbed over 2% after CEO Elon Musk announced he was stepping away from the Trump administration, raising hopes for renewed attention to the automaker amid its robotaxi launch plans. His political involvement had previously sparked protests and caused concern among investors. Analysts believe Musk’s focus on Tesla, following reduced political spending and responsibilities, could enhance market sentiment despite earlier sales declines. The company is set to deliver its driverless Model Y cars soon, pivotal for its future success.
Source: YAHOO