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Tesla was cautioned by a US agency regarding its promotion of driver-assistance technology on social media prior to a defect investigation. A May 15 email from a National Highway Traffic Safety Administration official highlighted concerns over seven posts featuring disengaged drivers using the Full Self-Driving system.
Tesla's shares surged by 11% to $328.71, pushing the company's market value back over $1 trillion, fueled by investor optimism regarding Donald Trump's return to the White House. This rally has resulted in a 32% gain for the stock this year, marking its first return to this valuation since April 2022.
Tesla's market cap surged past $1 trillion following an 8% stock rally after Donald Trump's election win, reflecting investor optimism about potential benefits for the company under a Trump administration. CEO Elon Musk, a significant Trump supporter, anticipates 20% to 30% vehicle growth next year, driven by lower-cost models and advancements in autonomy. Tesla reported third-quarter revenue of $25.18 billion and net income of $2.17 billion, while analysts suggest a less regulated environment could enhance Tesla's competitive edge against cheaper Chinese EVs.
The pharmaceutical and chemical sector constitutes about 40% of Swiss exports, with major companies like Roche and Novartis closely monitoring the implications of a potential second Trump presidency. While there are hopes for biomedical innovation, concerns about public trust in the industry and the impact of proposed healthcare policies loom large, especially regarding drug pricing and the role of scientific research. Trump's administration may also challenge global health initiatives and partnerships, particularly with China, complicating the landscape for Swiss pharmaceutical firms reliant on international trade.
Elon Musk's vision for human transportation to Mars is set to gain prominence under President-elect Donald Trump's administration, according to sources. This shift is expected to lead to significant changes in NASA's moon program and provide a boost to Musk's SpaceX initiatives.
Elon Musk has publicly criticized German Chancellor Olaf Scholz, calling him a "fool" on the social media platform X, in response to the collapse of Germany's "socialist government." Musk, a prominent supporter of Donald Trump, did not elaborate on his remarks but confirmed they were directed at Scholz. His comments come as he continues to influence American politics while Tesla maintains significant investments in Germany.
Tesla shares surged 14.8% to a new yearly high of USD 289.59 following Donald Trump's election victory. The stock broke through several technical resistance levels, with potential upward targets at USD 291.08 and USD 299.29, while downside support is seen at USD 275.62 and USD 273.54.
Donald Trump's victory in the presidential election led to a record $63.5 billion increase in the fortunes of the world's ten richest individuals, as reported by the Bloomberg Billionaires Index. Elon Musk, the wealthiest person globally, saw his net worth rise by $26.5 billion, with Jeff Bezos and Larry Ellison also among the top gainers. This marks the largest daily increase since the index's inception in 2012.
Donald Trump has been elected the 47th president of the United States, defeating Kamala Harris, which has sparked a significant market rally. Major U.S. indexes reached all-time highs, with the S&P 500 rising 2.53%, driven by expectations of tax cuts and deregulation under Trump's administration. While Tesla shares surged due to anticipated benefits from Trump's presidency, solar stocks fell amid fears of reduced tax credits for renewable energy.
Angel investor Alex Roy introduces "Narrative Command," a concept emphasizing the importance of storytelling in a startup's success, alongside operational mastery. He argues that a startup can define its market narrative, compelling competitors to align with it, as seen with Tesla. Roy believes that successful founders can thrive regardless of political climates by focusing on shared goals for societal betterment.
Elon Musk
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