Telsa stock sees $200 billion surges since Trump win
) stock continues to see a Trump 2.0 tailwind as CEO Elon Musk played a crucial role in the president-elect’s victory. Since Trump was declared the winner on Tuesday night, Tesla shares have been up nearly 26%, including Friday's 6% jump. The market cap of the EV maker is up over $200 billion since the election.
“In our view, a Trump administration could ease regulations, supporting TSLA’s growth trajectory,” analyst John Murphy stated. In addition, the analyst highlights that Musk has proposed a national standard for regulating self-driving vehicles, which the Trump administration has expressed an openness to. "This could ease the roll-out of the Robotaxi business that TSLA plans to start offering in 2025, and currently requires state-by-state approvals," the analyst commented.
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