From Nasdaq: 2024-11-18 12:59:00

Tesla stock surged 7% after reports of Trump administration’s push for federal regulations on self-driving vehicles. CEO Elon Musk sees AI and autonomous driving as key to growth. Tesla’s gross margin has fallen to 18%, but hopes are high for profitability through autonomous cars. Regulation could give Tesla an advantage over competitors.

Tesla’s electric car business faces profit margin challenges, but autonomous cars could boost profitability through software licensing and rental fees. Investors anticipate government regulations favoring Tesla due to Elon Musk’s support for Trump. Uncertainty remains on the form regulations will take and their impact on the industry.

Tesla makes the list of 10 best stocks to buy right now. Analysts recommend considering Tesla and 9 other potential investment opportunities. Stock Advisor’s total average return is 875% compared to the S&P 500’s 172%. Rich Smith has no position in mentioned stocks. The Motley Fool has positions in and recommends Tesla, as well as General Motors.



Read more at Nasdaq: Why Tesla Stock Popped 7% on Monday Morning