tldrdailynews.com logo

Tesla Stock Surges Amid Reports of Relaxed Self-Driving Regulations

1 min read
Source: TipRanks
Tesla Stock Surges Amid Reports of Relaxed Self-Driving Regulations
Photo: TipRanks
TL;DR

Tesla shares surged following reports that the Trump administration plans to prioritize a federal framework for autonomous vehicles, a move seen as beneficial for Tesla's self-driving ambitions. Wedbush analyst Daniel Ives views this as a significant regulatory milestone, potentially boosting Tesla's valuation to $1.5-$2 trillion in the next 12-18 months. Ives rates Tesla as a Buy with a $400 price target, though the stock holds a Neutral consensus among analysts, who generally see it as overvalued.

Topics:businessfinance#autonomous-vehicles#daniel-ives#finance#stock-market#tesla#trump-administration
Share this article
  1. ‘The Golden Path Is Within Reach,’ Says Daniel Ives About Tesla Stock  TipRanks
  2. Tesla stock pops after report Trump wants to relax U.S. self-driving rules  CNBC
  3. For Tesla Stock, Trump Giveth and Trump Taketh Away  Barron's
  4. Trump Is Reportedly Planning to Relax Rules for Self-Driving Cars  Car and Driver
  5. Tesla Stock Rises 6%: What We Know About Trump’s Impact On Musk’s EV Giant  Forbes

Want the full story? Read the original reporting

Read on TipRanks