Curated by THEOUTPOST
On Sat, 9 Nov, 12:04 AM UTC
4 Sources
[1]
Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism
(Reuters) - Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker's shares rose more than 6% to a more than two-year high of $315.56, after having gained 19.3% up to Thursday's close. The company crossed the $1 trillion valuation for the first time in more than two years. The billionaire could push for favorable regulation of autonomous vehicles that Tesla plans and also get the U.S. National Highway Traffic Safety Administration to hold off on potential enforcement actions involving the safety of Tesla's current driver-assistance systems, a source had told Reuters. Musk has focused on self-driving vehicle technology, ditching plans to build an economy car priced at under $30,000. However, development and regulatory hurdles have delayed the commercialization of such technologies. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite regulatory approval of the company's autonomous driving technology," said Garrett Nelson, senior equity analyst at CFRA Research. Tesla shares jumped in late October after the company reported a rise in quarterly profit margin, buoyed by sales of the highly profitable Full Self Driving driver assistance software. It has been the world's most valuable automaker for years, with Japan's Toyota Motor, China BYD and others trailing by several hundred billion dollars. Tesla shares trade 93.47 times its 12-month forward earnings estimates, compared with 38.57 for AI chip giant Nvidia, Microsoft's 30.77 and Ford's 6.29. (Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)
[2]
Tesla Hits $1 Trillion Market Value as Musk-Backed Trump Win Fans Optimism
(Reuters) - Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker's shares rose more than 6% to a more than two-year high of $315.56, after having gained 19.3% up to Thursday's close. The company crossed the $1 trillion valuation for the first time in more than two years. The billionaire could push for favorable regulation of autonomous vehicles that Tesla plans and also get the U.S. National Highway Traffic Safety Administration to hold off on potential enforcement actions involving the safety of Tesla's current driver-assistance systems, a source had told Reuters. Musk has focused on self-driving vehicle technology, ditching plans to build an economy car priced at under $30,000. However, development and regulatory hurdles have delayed the commercialization of such technologies. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite regulatory approval of the company's autonomous driving technology," said Garrett Nelson, senior equity analyst at CFRA Research. Tesla shares jumped in late October after the company reported a rise in quarterly profit margin, buoyed by sales of the highly profitable Full Self Driving driver assistance software. It has been the world's most valuable automaker for years, with Japan's Toyota Motor, China BYD and others trailing by several hundred billion dollars. Tesla shares trade 93.47 times its 12-month forward earnings estimates, compared with 38.57 for AI chip giant Nvidia, Microsoft's 30.77 and Ford's 6.29. (Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)
[3]
Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism
Tesla's market value soared past $1 trillion, fueled by speculation that CEO Elon Musk's support for President-elect Donald Trump could translate into favorable regulations for Tesla's autonomous driving technology. Musk's focus on self-driving cars, along with strong quarterly profits driven by sales of their Full Self Driving software, have contributed to Tesla's position as the world's most valuable automaker.Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker's shares rose more than 6% to a more than two-year high of $315.56, after having gained 19.3% up to Thursday's close. The company crossed the $1 trillion valuation for the first time in more than two years. The billionaire could push for favorable regulation of autonomous vehicles that Tesla plans and also get the U.S. National Highway Traffic Safety Administration to hold off on potential enforcement actions involving the safety of Tesla's current driver-assistance systems, a source had told Reuters. Musk has focused on self-driving vehicle technology, ditching plans to build an economy car priced at under $30,000. However, development and regulatory hurdles have delayed the commercialization of such technologies. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite regulatory approval of the company's autonomous driving technology," said Garrett Nelson, senior equity analyst at CFRA Research. Tesla shares jumped in late October after the company reported a rise in quarterly profit margin, buoyed by sales of the highly profitable Full Self Driving driver assistance software. It has been the world's most valuable automaker for years, with Japan's Toyota Motor, China BYD and others trailing by several hundred billion dollars. Tesla shares trade 93.47 times its 12-month forward earnings estimates, compared with 38.57 for AI chip giant Nvidia , Microsoft's 30.77 and Ford's 6.29.
[4]
Elon Musk's net worth surges past $300B as Tesla's market value...
Elon Musk's backing of President-elect Donald Trump has paid off handsomely as his net worth surged past the $300 billion mark on Friday -- much of it due to Tesla's market capitalization surpassing $1 trillion. Musk, who donated nearly $120 million to a pro-Trump super PAC, was worth $302 billion as of Friday, according to Forbes, which calculated his fortune by factoring in his 20% stake in Tesla as well as his estimated 42% equity in SpaceX. In November 2020, around 75% of Musk's wealth was derived from his stake in Tesla. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite regulatory approval of the company's autonomous driving technology," said Garrett Nelson, senior equity analyst at CFRA Research. Under a Trump administration, Musk could push for favorable regulation of autonomous vehicles that Tesla plans and also get the US National Highway Traffic Safety Administration to hold off on potential enforcement actions involving the safety of Tesla's current driver-assistance systems, a source told Reuters. Musk is also the majority owner of xAI, the artificial intelligence startup that he founded last year. Musk's stake in the company, which is in talks on a new funding round that could value the firm at as much as $40 billion, is 60%, according to Forbes. Musk has crossed the $300 billion threshold before. In November 2021, Tesla's stock reach an all-time high of $407 per share. But the company's stock plummeted by as much as 72% -- falling to $113.06 a share in January of last year. As of Friday, Tesla stock was trading at around $317 a share -- up around 7% from the opening bell. Tesla shares jumped in late October after the company reported a rise in quarterly profit margin, buoyed by sales of the highly profitable Full Self Driving driver assistance software. It has been the world's most valuable automaker for years, with Japan's Toyota Motor, BYD and others trailing by several hundred billion dollars. Musk unloaded a large chunk of his shares in Tesla in order to help finance his $44 billion acquisition of Twitter, which he has since rebranded as X. According to Forbes, Musk overpaid for X, which as of August was worth nearly 70% less than the $44 billion price tag. Tesla has struggled in recent years to maintain its market share as high inflation spurred weaker demand for electric vehicles. The EV maker has also faced increasingly intense competition from rivals in China, where domestic manufacturers such as Warren Buffett-backed BYD and Xiaomi have disrupted the market. Trump has said he would tap Musk to lead a new government efficiency commission. Musk has said at least $2 trillion could be cut from the $6.75 trillion federal budget. Musk has focused on self-driving vehicle technology, ditching plans to build an economy car priced at under $30,000. However, development and regulatory hurdles have delayed the commercialization of such technologies.
Share
Share
Copy Link
Tesla's market value hits $1 trillion as investors speculate on potential benefits from Elon Musk's support of President-elect Donald Trump, particularly regarding AI and autonomous driving regulations.
Tesla's market value surged past the $1 trillion mark on Friday, driven by investor optimism following Elon Musk's support for President-elect Donald Trump. The electric automaker's shares rose more than 6% to a two-year high of $315.56, representing a 19.3% gain up to Thursday's close 1.
Investors are betting on potential favorable treatment for Musk's companies, particularly in the realm of autonomous vehicles and AI. Analysts believe that Trump's victory could expedite regulatory approval for Tesla's autonomous driving technology 2. Garrett Nelson, senior equity analyst at CFRA Research, stated, "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result."
Musk has prioritized self-driving vehicle technology, abandoning plans for an economy car priced under $30,000. However, development and regulatory hurdles have delayed the commercialization of these technologies 3. There is speculation that Musk could leverage his support for Trump to influence the U.S. National Highway Traffic Safety Administration, potentially delaying enforcement actions related to Tesla's current driver-assistance systems.
Tesla's recent financial performance has contributed to its stock rally. The company reported a rise in quarterly profit margins in late October, boosted by sales of its highly profitable Full Self Driving driver assistance software 1. Tesla remains the world's most valuable automaker, with competitors like Toyota Motor and BYD trailing by hundreds of billions of dollars.
The Tesla rally has significantly impacted Elon Musk's personal wealth. His net worth surged past $300 billion, with a substantial portion derived from his 20% stake in Tesla and an estimated 42% equity in SpaceX 4. Musk's influence extends beyond Tesla, as he is also the majority owner of xAI, an artificial intelligence startup currently in talks for a new funding round that could value the firm at up to $40 billion.
While Tesla's market performance is strong, the company faces challenges. These include maintaining market share amidst high inflation and weaker demand for electric vehicles, as well as increasing competition from rivals in China 4. The success of Tesla's self-driving technology and its ability to navigate regulatory landscapes will be crucial for its continued growth and market dominance in the AI-driven automotive sector.
Reference
[1]
[2]
[4]
Tesla's stock price surges following Donald Trump's election victory, with analysts highlighting the company's AI and autonomous driving potential as key factors for future growth.
13 Sources
13 Sources
Tesla's stock has dropped significantly, raising questions about its valuation and future prospects. Despite the decline, the company's market value remains high, largely based on expectations of future AI and robotaxi innovations.
8 Sources
8 Sources
Wedbush analysts raise Tesla's price target to $515, citing potential AI and autonomous driving advancements under the incoming Trump administration. The stock hits new all-time highs as investors anticipate regulatory easing and accelerated development of self-driving technology.
6 Sources
6 Sources
President-elect Donald Trump's transition team is prioritizing a federal framework for self-driving vehicles, potentially benefiting Tesla and its CEO Elon Musk. The move could accelerate the development and deployment of autonomous vehicles in the US.
14 Sources
14 Sources
Elon Musk's AI startup xAI is set to double its valuation to $50 billion, while SpaceX prepares for a significant valuation increase. These developments coincide with Tesla's stock surge and Musk's growing influence in Washington.
2 Sources
2 Sources
The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2025 TheOutpost.AI All rights reserved