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Tesla shares surged 8% in pre-market trading on November 18, following reports that President-elect Donald Trump"s transition team may prioritize a federal framework for full self-driving vehicles. This potential regulation could benefit Tesla CEO Elon Musk, who has invested significantly in Trump"s campaign. Meanwhile, the Trump team is considering former Uber executive Emil Michael to lead the Transportation Department, which oversees regulations affecting automakers like Tesla.
The Exploration Company (TEC) has secured $160 million to advance its reusable capsule, Nyx, designed for transporting astronauts and cargo to space stations. With increasing global demand for space travel, TEC aims to establish a European alternative to existing players like SpaceX, with plans for Nyx's second version to launch next year and a final version by 2028. The company has already signed $800 million in contracts, positioning itself as a key player in the growing space market.
The new U.S. administration, featuring Trump, Musk, and Kennedy Jr., raises concerns due to their controversial views on global warming, vaccinations, and Russia. However, their actions suggest a less dire outcome, as Trump’s presidency saw fewer wars compared to his predecessor, and Musk's innovations have advanced environmental alternatives. Kennedy's health initiatives also address significant public health issues, indicating potential positive impacts despite their rhetoric.
Elon Musk is deeply involved in Donald Trump's administration, supporting his campaign with significant financial resources and influencing key decisions. Both figures share ambitious visions for reforming the U.S. federal administration, aiming for drastic cost reductions, despite concerns over potential conflicts of interest due to Musk's business ties. Their partnership, characterized by mutual admiration, raises questions about its longevity, as history suggests that only one star can shine in Trump's orbit.
Space stocks surged this week, with gains of up to 41% for companies like Rocket Lab and Intuitive Machines, fueled by a "Trump-Elon trade" rally and positive third-quarter results. Analysts highlight a shift towards newer space firms as legacy players decline, driven by lower costs and increased investor interest in the sector's growth potential. The incoming Trump administration's focus on space is expected to sustain this momentum, benefiting companies like Rocket Lab.
Two Democratic US senators have called for an investigation into Elon Musk's contracts with SpaceX, citing national security concerns linked to his reported communications with Russian officials, including President Vladimir Putin. They urged the Departments of Defense and Justice to assess whether these interactions necessitate a review of Musk's role in government contracts with SpaceX.
Democratic senators are urging a federal investigation into Elon Musk's communications with Russian officials, including President Vladimir Putin, citing national security concerns. They argue that Musk's ties to a U.S. adversary, while overseeing significant Pentagon contracts, raise questions about his reliability as a government contractor. The call for scrutiny comes amid heightened tensions between the U.S. and Russia, particularly in the context of Musk's role in the space industry and his security clearance.
SpaceX President Gwynne Shotwell emphasized the importance of competition in the space industry, noting that the satellite broadband market is vast and ripe for new entrants. With nearly 5 million Starlink customers and 7,000 satellites in orbit, SpaceX continues to dominate while developing the Starship rocket, which aims to replace Falcon 9 and Dragon. Shotwell expressed optimism about future growth and the potential for other companies to catch up.
Musk's SpaceX is set to launch a tender offer in December at $135 per share. Following Donald Trump's second presidential victory, Musk is anticipated to leverage his influence in Washington to secure favorable government treatment for his companies, including SpaceX.
Elon Musk and Vivek Ramaswamy are leading a new commission, the Department of Government Efficiency (DOGE), aimed at slashing government spending. They are seeking "super high-IQ" staff for unpaid positions, emphasizing the need for dedicated individuals willing to work long hours on cost-cutting measures. The commission, which is not yet an official federal department, has a deadline of July 4, 2026, to propose significant spending cuts and regulatory changes.
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Tesla shares surge as Trump team considers self-driving vehicle regulations
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18:15 15.11.2024
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