{"id":124556,"date":"2024-11-11T10:10:55","date_gmt":"2024-11-11T03:10:55","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=124556"},"modified":"2024-11-11T10:10:55","modified_gmt":"2024-11-11T03:10:55","slug":"tesla-market-value-surpasses-1-trillion","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=124556","title":{"rendered":"Tesla market value surpasses $1 trillion"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Automotive expert Lauren Fix joins \u2018Cavuto: Coast to Coast\u2019 to discuss the impact Trump\u2019s presidential victory has had on Tesla\u2019s red-hot stock price.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The relationship between <a href=\"https:\/\/www.foxbusiness.com\/category\/donald-trump\" target=\"_blank\" rel=\"noopener\">President-elect Trump<\/a> and billionaire Elon Musk sent Tesla\u2019s market value above the $1 trillion mark after a rally on Friday.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/elon-musk\">Musk<\/a>, who is the CEO of Tesla, endorsed Trump&#8217;s bid to return to the White House and was a prominent financial backer of his campaign.<\/p>\n<p>Reuters reported on Friday that the electric automobile maker\u2019s shares rose to $321.22, or up 8.2%, putting the company\u2019s valuation above the $1 trillion mark for the first time in over two years.<\/p>\n<p>Over the past week, the stock rose 29%, adding over $230 billion in market capitalization.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/trumps-white-house-win-sends-dow-up-1000-points\" target=\"_blank\" rel=\"noopener\"><strong>TRUMP&#8217;S WHITE HOUSE WIN SENDS DOW UP 1,000 POINTS<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/343\/192\/musk-trump.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/686\/384\/musk-trump.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/672\/378\/musk-trump.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/1344\/756\/musk-trump.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/931\/523\/musk-trump.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/1862\/1046\/musk-trump.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/720\/405\/musk-trump.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/1440\/810\/musk-trump.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/931\/523\/musk-trump.jpg?ve=1&amp;tl=1\" alt=\"Musk and Trump\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Elon Musk, chief executive officer of Tesla Inc., left, and former US President Donald Trump, prior to a campaign event at the Butler Farm Show in Butler, Pennsylvania, US, on Saturday, Oct. 5, 2024.<\/span><span> (Justin Merriman\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>&#8220;Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump&#8217;s victory will help expedite regulatory approval of the company&#8217;s autonomous driving technology,&#8221; Garrett Nelson, senior equity analyst at CFRA Research, said.<\/p>\n<p>Trump has been critical of incentives and subsidies for EVs, but has commended Musk&#8217;s work with Tesla and praised him as a &#8220;super genius&#8221; during his victory speech early Wednesday morning.<\/p>\n<p>Musk could push for regulations that favor his development of autonomous vehicles, while also getting the National Highway Traffic Safety Administration (NHTSA) to delay enforcement of Tesla\u2019s current driver-assistance systems, a source familiar with the matter told the wire service.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/tesla-stock-surges-after-trump-wins-presidency\" target=\"_blank\" rel=\"noopener\"><strong>TESLA STOCK SURGES AFTER TRUMP WINS PRESIDENCY<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/343\/192\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/686\/384\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/672\/378\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/1344\/756\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/931\/523\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/1862\/1046\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/720\/405\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/1440\/810\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/07\/931\/523\/Tesla-dealership-logo.jpg?ve=1&amp;tl=1\" alt=\"Tesla-dealership-logo\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Brand new Tesla cars sit parked at a Tesla dealership on May 31, 2024 in Corte Madera, California.<\/span><span> (Justin Sullivan\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>He reportedly ditched plans to build an economy car priced under $30,000 so he could focus on self-driving technology. However, regulatory and development hurdles have delayed the technologies for commercial use.<\/p>\n<p>Last month, the NHTSA said it was investigating 2.4 million Tesla vehicles with Full Self-Driving (FSD) software after four collisions were reported, including one fatal crash.<\/p>\n<p>The auto safety regulator opened the preliminary evaluation after receiving four reports of crashes in which <a href=\"https:\/\/www.foxbusiness.com\/category\/tesla\" target=\"_blank\" rel=\"noopener\">Tesla&#8217;s FSD software<\/a> was engaged at times when there was reduced roadway visibility, such as sun glare, fog or airborne dust.<\/p>\n<p>&#8220;If Musk can convince Trump to establish federal autonomous vehicle rules, we think that&#8217;s a good thing for the auto industry because we think firms want one set of rules rather than each state making their own,&#8221; said David Whiston, equity strategist at Morningstar.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/media\/kevin-oleary-trump-saved-entrepreneurship-entire-sp-model\" target=\"_blank\" rel=\"noopener\"><strong><u>KEVIN O&#8217;LEARY DECLARES TRUMP \u2018SAVED ENTREPRENEURSHIP\u2019 AND THE \u2018ENTIRE\u2019 S&amp;P MODEL<\/u><\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/elon2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/elon2.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/elon2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/elon2.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/elon2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/elon2.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/elon2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/elon2.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/elon2.jpg?ve=1&amp;tl=1\" alt=\"Elon Musk at aDonald Trump rally in Philadelphia.\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Tesla and SpaceX CEO Elon Musk jumps on stage as he arrives to speak at a town hall event hosted by America PAC in support of Donald Trump in Philadelphia.\u00a0<\/span><span> ((Photo by Ryan Collerd\/AFP via Getty) \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Tesla&#8217;s FSD technology has been in development for years and eventually aims to reach a high level of automation capability, where the vehicle can do most driving tasks without human intervention. However, it has faced legal scrutiny stemming from at least two <a href=\"https:\/\/www.foxbusiness.com\/category\/auto\" target=\"_blank\" rel=\"noopener\">fatal accidents,<\/a> including an incident in April when a Model S in FSD mode hit and killed a motorcyclist in the Seattle area.<\/p>\n<p>Tesla explains on its website that FSD and its Autopilot feature are intended to be used by an attentive driver who can intervene and take control as needed.<\/p>\n<p>Wall Street anticipates the incoming Trump administration will cut taxes and pursue a deregulatory agenda similar to the former president&#8217;s first term in office.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>Musk may play a role in the incoming Trump administration, as the two have discussed his participation in a government efficiency push aimed at reducing wasteful <a href=\"https:\/\/www.foxbusiness.com\/category\/government-spending\" target=\"_blank\" rel=\"noopener\">federal spending<\/a>.<\/p>\n<p><i>FOX Business\u2019 Eric Revell and Reuters contributed to this report.<\/i><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.foxbusiness.com\/politics\/tesla-market-value-surpasses-1-trillion-after-musk-backed-trump-wins-presidency\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Automotive expert Lauren Fix joins \u2018Cavuto: Coast to Coast\u2019 to discuss the impact Trump\u2019s presidential victory has had on Tesla\u2019s red-hot stock price.\u00a0 The relationship between President-elect Trump and billionaire &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=124556\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-124556","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124556"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124556\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}