From Nasdaq: 2024-11-15 06:15:00

Elon Musk bet big on Donald Trump, supporting him publicly, donating $119 million, and speaking at his rallies. Tesla stock surged 23% since Trump’s election win. Will his presidency continue to benefit the stock, or is a pullback looming?

Trump’s policies may impact the EV sector, potentially eliminating a $7,500 tax credit for EV purchases. Despite challenges, Tesla could benefit from a Trump presidency by maintaining market share and navigating regulatory hurdles for its self-driving initiatives.

Analysts see Trump’s administration as a game-changer for Tesla, especially in autonomous driving opportunities. While a lighter regulatory environment could benefit Tesla, potential issues with self-driving technology could pose challenges. Tesla’s current valuation at 125 times forward earnings raises questions about its future growth potential.



Read more at Nasdaq: Elon Musk Bet the Farm on Donald Trump. Will the Billionaire’s Gamble Pay Off for Tesla Stock or Is a Pullback on the Horizon?