Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
Posted: Nov 18, 2024
- $TSLA stock increased by 8% in premarket trading after a report that President-elect Donald Trump's team plans to relax U.S. self-driving vehicle regulations
- Elon Musk was instrumental in supporting Trump during the election, and now stands to benefit from their close relationship
- Trump recently appointed Musk and Vivek Ramaswamy to lead the new Department of Government Efficiency which aims to reduce government bureaucracy and regulations.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While there are mentions of positive outcomes for TSLA due to potential regulatory changes, many comments express concerns and skepticism about corruption, technology readiness, and the influence of Elon Musk, leading to a more mixed but overall negative perspective. Summarized comments: - Comments suggest skepticism about Trump's potential influence on Tesla's operations. - Some commenters express concerns about potential corruption involving Musk and the Trump administration. - There's speculation that Tesla may benefit from relaxed self-driving rules, leading some to consider buying TSLA calls. - Debate on Tesla's actual market share versus its market capitalization. - Concerns are raised about the readiness of self-driving technology despite potential regulatory changes. - Some humor around self-driving cars and regulatory changes, mixing skepticism with satire. Stock tickers discussed: $TSLA
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