Tesla stock jumps on report Trump plans to ease regulations around self-driving cars

Published On Nov 18, 2024, 2:43 PM

Tesla's stock surged over 8% due to reports that President-elect Trump is planning to ease regulations on self-driving cars. This change could significantly impact Tesla's growth and innovation in autonomous vehicle technology, with analysts predicting this is a major positive development for the company's future. In contrast, shares of ridesharing companies Uber and Lyft dropped by about 6% each as the news indicated potential increased competition from Tesla's self-driving capabilities. Overall, the market sentiment around Tesla is currently very optimistic.